John decided to buy a vacation home in 8 years from now and, Ask an Expert

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John decided to buy a vacation home in 8 years from now and wants to have saved $91,966 for a down payment. How much money should he place today in a savings account that earns 4.47 percent per year (compounded daily) to accumulate money for his down payment? Round answer to two decimal places

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91791466

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