Question
Question 6 (5 points) 5 years from now, you plan to buy a house for $300,000. The down payment is 10% of the house
Question 6 (5 points) 5 years from now, you plan to buy a house for $300,000. The down payment is 10% of the house value ($30,000). If you can earn 3.75% interest, compounded annually, on your savings, how much do you need to deposit today to have $30,000 in 5 years? Your Answer:
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
