The answer above is NOT correct.

$(2$ points$)$

Adam wants to save $$56,000\mathrm{.}00$ for a down payment on a home. How much will he need to invest in an account with $6\mathrm{.}6\%$ APR, compounding daily, in order to reach his goal in $5$ years? Round the answer to the nearest cent. Also, include a dollar sign $($$$).$

help $($numbers$)$The answer above is NOT correct.

$(2$ points$)$

Adam wants to save $$56,000\mathrm{.}00$ for a down payment on a home. How much will he need to invest in an account with $6\mathrm{.}6\%$ APR, compounding daily, in order to reach his goal in $5$ years? Round the answer to the nearest cent. Also, include a dollar sign $($$$).$

help $($numbers$)$