Question: ( CHAPTER 5 ) You want to have $ 1 2 , 2 0 0 in your savings account 7 years from now as downpayment

(CHAPTER 5)
You want to have $12,200 in your savings account 7 years from now as downpayment for house purchase.
How much do you have to deposit today to reach this goal if you can earn 5.3 percent on your savings?
Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10,000.23.
Do NOT use "$" in your answer.
(CHAPTER 5) You want to have $12,200 in your savings account

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