Question: QUESTIONS A couple wants to save up for a down payment on a house. They think they need to save $100,000 in five years. If

 QUESTIONS A couple wants to save up for a down payment
on a house. They think they need to save $100,000 in five

QUESTIONS A couple wants to save up for a down payment on a house. They think they need to save $100,000 in five years. If the Interest rate is 4% and they start at the end of the year when they both get bonuses from their employers, what do they have to put aside annually? QUESTION 6 A man has just inherited $250,000. If he invests the money at 4.5%, what can he expect to have at the end of 15 years when he retires

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