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How much do need to invest yearly

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Reference no: EM132882762

Problem 1: How much would you have to invest today at 8% compounded annually to have $25,000 available for the purchase of a car four years from now?

Problem 2: You want to put some money away every year to save for the down payment on a house in five years. The down payment amount will be $50,000. You can earn 8% compounded annually. How much do you need to invest yearly?

Reference no: EM132882762

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