Question: Jamal wants to save $56,000 for a down payment on a home. How much will he need to invest in an account with 10 %

Jamal wants to save $56,000 for a down payment on a home. How much will he need to invest in an account with 10 % interest compounding daily, in order to reach his goal in 5 years?

Round your answer to the nearest dollar.

Jamal will need to invest $ .... in order to save $56,000 in 5 years.

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