Question: 3. You want to save up for a down payment on a house. You decide to invest money into an ae- count earning 6% interest

3. You want to save up for a down payment on a house. You decide to invest money into an ae- count earning 6% interest compounded quarterly. Your goal is to have $30,000 in the account in 5 years. What principal do you need to deposit into the account in order to meet this goal

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