Question: Suppose you start saving today for a $ 7 0 , 0 0 0 down payment that you plan to make on the house in

Suppose you start saving today for a $

70, 000

down payment that you plan to make on the house in six years assume that you make no deposits into the account after the initial deposit for the account describe below how much would you have to deposit now to reach your

70, 000

goal in six years and account with daily compounding and an APR of

4 %

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