Question: Elizabeth would like to save $50,000 for a house down payment. She plans to buy the house in 10 years. The average rate she will

Elizabeth would like to save $50,000 for a house down payment. She plans to buy the house in 10 years. The average rate she will earn over that time is 7%. How much would she need to save every year at the beginning of each year (starting now) to meet that goal?

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