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John plans to buy a vacation home 4 years from now and wants tohave saved $89,962 for a down payment How much money shouldhe place

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John plans to buy a vacation home 4 years from now and wants tohave saved $89,962 for a down payment How much money shouldhe place today in a savings account that earns 9.60 percent peryear (compounded daily) to accumulate money for his downpayment?The answer should be calculated to two decimal places

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