How much money should he place today in saving account

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Reference no: EM131321620

John plans to buy a vacation home in 3 years from now and wants to have saved $60,269 for a down payment. How much money should he place today in a saving account that earns 5.41 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places

Reference no: EM131321620

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How much money should he place today in saving account : John plans to buy a vacation home in 3 years from now and wants to have saved $60,269 for a down payment. How much money should he place today in a saving account that earns 5.41 percent per year (compounded daily) to accumulate money for his down pa..

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