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How much do need to put aside at the end of years

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Problem 1: David and Helen Zhang are saving to buy a boat at the end of six years. If the boat costs $20,500 and they can earn 8% a year on their savings, how much do they need to put aside at the end of years 1 through 6? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM132984106

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