How much must set aside today at given compounded monthly

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Question: 1. Mary Kaye Keller needs $30,000 in seven years. How much must she set aside today at 4.8% compounded monthly?

2. How much should a family invest now at 2(3/4) compounded annually to have a $7,000 house down payment in four years?

Reference no: EM131623360

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