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You want to buy a house but do not want to get a loan. The average price of your dream house is $400,000 and its
You want to buy a house but do not want to get a loan. The average price of your dream house is $400,000 and its price is growing at 5 percent per year. Apply financial techniques and tools to find how much should you invest in a project at the end of each year for the next 6 years in order to accumulate enough money to buy your dream house with cash at the end of the sixth year? Assume the project pays 8 percent rate of return
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