Question
You want to have $29,000 for a down payment on a house 4 years from now. If you can earn 3.6 percent, compounded annually, on
You want to have $29,000 for a down payment on a house 4 years from now. If you can earn 3.6 percent, compounded annually, on your savings, how much do you need to deposit today to reach your goal?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
