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Christopher Would Like to Have $20,000 for a House Down

Question 57

Multiple Choice

Christopher would like to have $20,000 for a house down payment seven years from now.How much money would he need to save every quarter in an investment that pays 9% APR compounded quarterly?


A) $2,173.81
B) $171.78
C) $520.51
D) $509.05

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