Question
John plans to buy a vacation home in 12 years from now and wants to have saved $38,588 for a down payment. How much money
John plans to buy a vacation home in 12 years from now and wants to have saved $38,588 for a down payment. How much money should he place today in a saving account that earns 8.68 percent per year (compounded daily) to accumulate money for his down payment?
Round the answer to two decimal places
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
