4. A couple plans to buy a home in 5 years. How much would they need...
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4. A couple plans to buy a home in 5 years. How much would they need to invest today at 2.5% interest compounded quarterly in order to have $30,000 in five years? (Hint: solve for P) 4. A couple plans to buy a home in 5 years. How much would they need to invest today at 2.5% interest compounded quarterly in order to have $30,000 in five years? (Hint: solve for P)
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