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Question 5(1 point) John plans to buy a vacation home in 11 years from now and wants to have saved $89,889 for a down payment.

Question 5(1 point)

John plans to buy a vacation home in 11 years from now and wants to have saved $89,889 for a down payment. How much money should he place today in a saving account that earns 6.68 percent per year (compounded daily) to accumulate money for his down payment?Round the answer to two decimal places

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