Question: suppose you start saving today for a $50,000 down payment that you plan to make on a house in 8 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 8 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 8 years. An account with a daily compounding interest and APR 4%

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