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You would like to pay $22,000 cash for a new car 4 years from today. How much will you need to deposit today in


 

You would like to pay $22,000 cash for a new car 4 years from today. How much will you need to deposit today in a savings account paying 2% in order to afford the new car in 4 years? Question 6 1 pts Jerry would like to have $85,000 for a down payment on a new house. Jerry plans to buy the house in 6 years. How much would Jerry have to deposit today into a savings account paying 8% interest in order to have the money for the down payment?

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