How much do you need to deposit today for the given purpose

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Question: You need $250,000 in cash to buy a house 8 years from today. You expect to earn 8 percent APR, compounded quarterly, on your savings. How much do you need to deposit today for this purpose? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132009733

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