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You wish to have a down payment in three years for a new house. If you wish to have $75000 as a down payment, what

You wish to have a down payment in three years for a new house. If you wish to have $75000 as a down payment, what will you have to invest today if money can earn 4.5% compounded monthly?

FV= $

I/Y =

C/Y =

i =

PV = $

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