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You have to make a balloon payment on your house five years from now of $15,000. If money can earn an average of 6 percent

You have to make a balloon payment on your house five years from now of $15,000. If money can earn an average of 6 percent a year for the five-year period, what factor will you use to determine when to deposit now?

a. 0.7462

b. 0.7473

c. 1.3382

d. 1.3401

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