Question: Suppose you start saving today for a $50,000 down payment that you plan to make on a house in 7 years. Assume that you make

Suppose you start saving today for a

$50,000

down payment that you plan to make on a house in

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

$50,000

goal in

years.

An account with daily compounding and an APR of

years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much woul

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