John plans to buy a vacation home in 4 years from now and, Ask an Expert

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John plans to buy a vacation home in 4 years from now and wants to have saved $59,207 for a down payment. How much money should he place today in a savings account that earns 9.60 percent per year (compounded daily) to accumulate money for his down payment? Round to 2 decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91789055

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