Info
Warning
Danger
 /  Homework Answers  /  Finance  /  John plans to buy a vacation home in 14 years

Question : John plans to buy a vacation home in 14 years

John plans to buy a vacation home in 14 years from now and wants to have saved $80,143 for a down payment. How much money should he place today in a saving account that earns 7.07 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places

Solution
5 (1 Ratings )

Solved
Finance 9 Months Ago 67 Views
This Question has Been Answered!
Expert Answer