Question
4 years from now, you plan to buy a house for $300,000. The down payment is 10% of the house value ($30,000). If you can
4 years from now, you plan to buy a house for $300,000. The down payment is 10% of the house value ($30,000).
If you can earn 3.00% interest, compounded annually, on your savings, how much do you need to deposit today to have $30,000 in 4 years?
(Round your answer to the nearest hundredth; two decimal places. Also, if your answer is an even number, enter it with two decimal places; e.g., 34.00)
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
