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A young couple want to save 50000 over the next 5 years and

Question

A young couple want to save $50,000 over the next 5 years and then to use this amount as a down payment on a home.

To reach this goal, how much money must they deposit at the end of each quarter in an account that earns interest at a rate of 5%, compounded quarterly?

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Financial Management: A young couple want to save 50000 over the next 5 years and

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Financial Management: A young couple want to save 50000 over the next 5 years and

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