Question
How much must be deposited today into the following account in order to have $30,000 in 5 years for a down payment on a house?
How much must be deposited today into the following account in order to have $30,000 in 5 years for a down payment on a house? Assume no additional deposits are made.An account with quarterly compounding and an APR of 4.6%
$_ should be deposited today.
(Do not round until the final answer. Then round to the nearest cent as needed.)
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
