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You are planning to buy a house in 13 years. You would like to be able to make a down payment of $96,900. The stated
You are planning to buy a house in 13 years. You would like to be able to make a down payment of $96,900. The stated interest rate is 7% (APR). If interest is compounded continuously, how much will you need to invest today in order to make the down payment?
Enter your response below rounded to two decimal places.
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