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You want to have $ 3 0 , 0 0 0 saved 5 years from now to buy a house. How much less do you
You want to have $ saved years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn percent rather than percent on your savings? Today's deposit is the only deposit you will make to this savings account. Assume annual compounding.
You want to have $ saved years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn percent rather than percent on your savings? Today's deposit is the only deposit you will make to this savings account. Assume annual compounding.
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