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How much money should you have in the account right now

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Question - To achieve your goal of putting a $50,000 down payment on a house at the end of next 5 years, how much money should you have in the account right now to achieve that goal if the bank is paying 6% interest compounded annually? Assume you make no deposits or withdrawals from the account in the meantime.

Reference no: EM133091141

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