Mathematics, 06.05.2021 16:30 halledoll2002

The Smith family plans to purchase a new house in 4 years, and they want to make a down payment of 25% of the estimated purchase price of $250,000.
Find the amount they need to invest to make the down payment if
funds earn 12% compounded quarterly.

Answers: 2

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The Smith family plans to purchase a new house in 4 years, and they want to make a down payment of 25% of the estimated purchase price of $250,000. Find the amount they need to invest to make the down payment if funds earn 12% compounded quarterly.

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The Smith family plans to purchase a new house in 4 years, and they want to make a down payment of 25% of the estimated purchase price of $250,000.
Find the amount they need to invest to make the down payment if
funds earn 12% compounded quarterly.