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

2.00%

interest, compounded annually, on your savings, how much do you need to deposit today to have

$30,000

in 4 years?\ Your Answer:\ Answer

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 2.00% interest, compounded annually, on your savings, how much do you need to deposit today to have $30,000 in 4 years? Your