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5C John plans to buy a vacation home in 15 years from now and wants to have saved $86,270 for a down payment. How much
5C
John plans to buy a vacation home in 15 years from now and wants to have saved $86,270 for a down payment. How much money should he place today in a saving account that earns 4.51 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places
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