Question: Please help me solve the question below. How much must be deposited today into the following account in order to have $30,000 in 6years for

Please help me solve the question below.

How much must be deposited today into the following account in order to have $30,000 in 6years for a down payment on ahouse? Assume that no additional deposits are made.

An account with monthly compounding and an APR of 4%.

How much $_____ should be deposited today?

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