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Business, 27.02.2020 05:19 pennygillbert

Nancy Jackson 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 $37,000 for the down payment. If Nancy can invest in a fund that pays 7.40 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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Nancy Jackson is saving to buy a house in five years. She plans to put 20 percent down at that time,...
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