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Please assist with the formula. John plans to buy a vacation home in 3 years from now and wants to have saved $53,142 for a
Please assist with the formula.
John plans to buy a vacation home in 3 years from now and wants to have saved $53,142 for a down payment. How much money should he place today in a saving account that earns 7.66 percent per year (compounded daily) to accumulate money for his down payment?Round the answer to two decimal places.
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