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Suppose you start saving today for a $ 3 0 , 0 0 0 down payment that you plan to make on a house in
Suppose you start saving today for a $ down payment that you plan to make on a house in years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach your $ goal in years.
An account with daily compounding and an APR of
You should invest $
Do not round until the final answer. Then round to two decimal places as needed.
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