Question: Jerry would like to have $ 7 7 , 0 0 0 for a down payment on a new house. Jerry plans to buy the

Jerry would like to have $77,000 for a down payment on a new house. Jerry plans to buy the house in 5 years. How much would Jerry have to deposit today into a savings account paying 8% interest in order to have the money for the down payment?
Jerry would like to have $77,000 for a down payment on

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