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John plans to buy a vacation home in 8 years from now and wants to have saved $46,357 for a down payment. How much money should he place today in a...

 

John plans to buy a vacation home in 8 years from now and wants to have saved $46,357 for a down payment. How much money should he place today in a saving account that earns 9.26 percent per year (compounded daily) to accumulate money for his down payment? 

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F.V=Amount(1+r)^n F.V=... View the full answer

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money he should place... View the full answer

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