Question: Andy would like to purchase a house in five years. He expects that hes going to need $200,000 as a down payment. He currently has

Andy would like to purchase a house in five years. He expects that hes going to need $200,000 as a down payment. He currently has $50,000 and would like to know how much he needs to set aside at the beginning of each of the next five years, invested at 6%, so that he will have enough for the down payment.

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