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You would like to buy a house in five years and want to come up with a $47,000 down payment. The bank is offering five-year

You would like to buy a house in five years and want to come up with a $47,000 down payment. The bank is offering five-year CD's at 4 percent compounded weekly. What should you deposit today to meet your goal?

$45,123.09

$38,691.00

$38,483.30

$1.08

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