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Sarah Homebody would like to buy a house. She believes she will need a downpayment of $60,000. If she intends to buy a house 8 years from now and can earn 6% annually on her investment, how much does she have to invest today to achieve her savings goal ? Round your answer to the nearest $1.00 and write your answer without using a $ sign (e.g., 2,000.00 NOT $2,000.00)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950139

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