Question: You want to save for a down payment on your first home which you plan on buying in six years. Your maximum budget for the

You want to save for a down payment on your first home which you plan on buying in six years. Your maximum budget for the home is $350,000. You plan to put a 20% down payment. An investment company is offering 10% return on your investment compounded semi-annually. How much do you have to invest today?

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