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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 what to deposit now?

Group of answer choices

0.7473

1.3401

1.3382

0.7462

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