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10. A newly married couple decide to save up for a down payment on...

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Accounting

10.

A newly married couple decide to save up for a down payment on a house for three years in the future. They estimate that they will need a total of $100,000 for the down payment by the end of three years. What amount should they deposit at the end of each year if they can earn 4% interest on their deposits compounded annually?

$30,803

$34,649

$36,035

$32,035

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