draw the cash flow diagram please!! must you 2.38 You want to save the down payment required to purchase a vacation home au the end of four years. If the required down payment is $75,000 and you can earn 6% a year on your savings account, how much do you need to set aside at the end of each year for the next four years? • to nav

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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draw the cash flow diagram please!!
must you
2.38 You want to save the down payment required to purchase a vacation home at
the end of four years. If the required down payment is $75,000 and you can earn
6% a year on your savings account, how much do you need to set aside at the
end of each year for the next four years?
I to na
Transcribed Image Text:draw the cash flow diagram please!! must you 2.38 You want to save the down payment required to purchase a vacation home at the end of four years. If the required down payment is $75,000 and you can earn 6% a year on your savings account, how much do you need to set aside at the end of each year for the next four years? I to na
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