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PLEASE SHOW WORK - EXAMPLE: (i.e., PV=-1000, I/Y=10%, N=30 solved for FV=17449.40). I want to buy a house in 5 years. I need to have
PLEASE SHOW WORK - EXAMPLE: (i.e., PV=-1000, I/Y=10%, N=30 solved for FV=17449.40).
I want to buy a house in 5 years. I need to have a down payment of $50,000. How much do I need to have today in order to have the down payment, if I can earn 4%?
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