Question: Jamal wants to save $54,000 for a down payment on a home. How much will he need to invest in an account with 8.2% APR,

Jamal wants to save $54,000 for a down payment on a home. How much will he need to invest in an account with 8.2% APR, compounding daily, in order to reach his goal in 5 years?

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Solution From the question we have A as 54000 R as 0082 n as 365 And T as 5 So we ... View full answer

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