You want to have $25,000 for a down payment on a house 6 years from now. if you can earn 6.5 percent, compounded annually, on your savings, how much do you need to deposit today to reach your goal?
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Home » Mathematics » You want to have $25,000 for a down payment on a house 6 years from now. if you can earn 6.5 percent, compounded annually, on your savings, how much do you need to deposit today to reach your goal?