A young couple wants to save $40,000 over the next 5 years and then use this money as a down payment on a home. How much money must they deposit at the end of each quarter in an account that earns 5% compounded

Mahmut EFE asked May 23, 2022

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Mahmut EFE asked May 23, 2022

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18 votes

5% of 40,000 is 2,000

OJNSim answered May 29, 2022

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