Question
John plans to buy a vacation home in 9 years from now and wants to have saved $99,220 for a down payment. How much money
John plans to buy a vacation home in 9 years from now and wants to have saved $99,220 for a down payment. How much money should he place today in a saving account that earns 8.13 percent per year (compounded daily) to accumulate money for his down payment?Round the answer to two decimal places
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
