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Business, 07.06.2020 03:58 cece4874

Karen White is saving to buy a house in five years. She plans to put 20 percent down at that time, and she believes that she will need $29,000 for the down payment. If Karen can invest in a fund that pays 9.40 percent annual interest, compounded quarterly, how much will she have to invest today to have enough money for the down payment

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Karen White is saving to buy a house in five years. She plans to put 20 percent down at that time, a...
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