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Assuming an interest rate of 10 what amount must be

1. The Lock horns are planning for a retirement home. They estimate they will need $160,000, 4 years from now to purchase this home. Assuming an interest rate of 10%, what amount must be deposited at the end of each of the 4 years to fund the home price? (Round to two decimal places)

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Accounting Basics: Assuming an interest rate of 10 what amount must be

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