Question
Jill received a 30,000 inheritance. She wants to save up for a down payment for her first home to be purchased 8 years from now.
Jill received a 30,000 inheritance. She wants to save up for a down payment for her first home to be purchased 8 years from now. If she can earn 5% on her savings per year how much of the inheritance does she need to save now to make a $20,000 down payment 8 years from now?
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
