SOLUTION: Suppose you start saving today for a down payment that you plan to make on a house in 5 years. Assume that you make no deposits into the account after your initial deposit. The ac
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Question 571060: Suppose you start saving today for a down payment that you plan to make on a house in 5 years. Assume that you make no deposits into the account after your initial deposit. The account has annual compounding and an APR of 2.7%. How much would you need to deposit now to reach your goal in 5 years? Answer by stanbon(75887) (Show Source):
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