Solution-Calculate the amount that you must save at the end

Calculate the amount that you must save at the end

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Reference no: EM133120938

You would like to save up for a deposit of $40,000 to buy a home in exactly 4 years. You can invest your savings at an interest rate of 5.4% per year (compounded yearly). Calculate the amount that you must save at the end of each year for the next 4 years to have enough savings for this deposit (to the nearest dollar).

Reference no: EM133120938

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Calculate the amount that you must save at the end

Reference no: EM133120938

Reference no: EM133120938

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