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You want to have $40,000 for a down payment on a house 8 years from now. If you can earn 5.2 percent, compounded annually on

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You want to have $40,000 for a down payment on a house 8 years from now. If you can earn 5.2 percent, compounded annually on your savings, how much do you need to deposit today to reach your goal? [Round your answer to the nearest whole number. If your answer is 468.69 enter 469 as your answer.] Your Answer: Next Page Page 20 of 22 Answer Previous Page

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