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You would like to put $500 a month into a savings account with an annual interest rate of 5.5% and $600 a month into another
You would like to put $500 a month into a savings account with an annual interest rate of 5.5% and $600 a month into another savings account with an annual interest rate of 6.5%. How much money will you have in both savings accounts combined after 5 years? $74,901 $76,845 None of the options listed $73,020 O $78,853 You will be a first-time homebuyer. You'd like to save 5% of the purchase price of a house as a down payment in three years. The expected price of the house in three years is $950,000. You can invest in a savings account at a 4.5% interest rate. How much you should deposit each month to save for the down payment? $975 O $1,105 O $1,235 None of the options listed O $845
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