How much must be deposited today into the following account in order to have $50,000 in 7 years for a down payment on a house? Assume no additional deposits
are made.
An account with quarterly compounding and an APR of 5.9%

Question

06-11-2022
Mathematics

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How much must be deposited today into the following account in order to have $50,000 in 7 years for a down payment on a house? Assume no additional deposits
are made.
An account with quarterly compounding and an APR of 5.9%

Sagot :

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