Question: 4.B.84 Question Help Suppose you start saving today for a $40,000 down payment that you plan to make on a house in 7 years. Assume

 4.B.84 Question Help Suppose you start saving today for a $40,000

4.B.84 Question Help Suppose you start saving today for a $40,000 down payment that you plan to make on a house in 7 years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach your $40,000 goal in 7 years. An account with daily compounding and an APR of 5% You should invest (Do not round until the final answer. Then round to two decimal places as needed.)

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