How much money does the couple need to have today

Reference no: EM133654277

Question: A recently married couple hopes to be first-time home buyers in 4 years. Based on their desired neighborhood they estimate they will need $22,000 for a down payment. How much money does the couple need to have today at an account earning 4.3% per year in order for that amount to grow to the estimated down payment?

Reference no: EM133654277

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