Mathematics, 06.04.2021 20:40 juliana0122

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 quarterly?

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A young couple wants to save $40,000 over the next 5 years and then use this money as a down payment...