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Katie Hector Wants to Purchase a Condo in Oxford, MS

Question 63

Multiple Choice

Katie Hector wants to purchase a condo in Oxford, MS, in 20 years. The cost of the condo is expected to be $180,000. Assuming she can earn 6% annually, what should Katie deposit today?


A) $126,900
B) $56,124
C) $89,400
D) $180,000
E) None of these

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