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How much money should he place today in a saving account

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Problem 1: John plans to buy a vacation home in 3 years from now and wants to have saved $96,051 for a down payment. How much money should he place today in a saving account that earns 6.43 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places

Reference no: EM132979702

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