How much money should he place today in savings account

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John decided to buy a vacation home in 8 years from now and wants to have saved $91,966 for a down payment. How much money should he place today in a savings account that earns 4.47 percent per year (compounded daily) to accumulate money for his down payment? Round answer to two decimal places

Reference no: EM131067085

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How much money should he place today in savings account : John decided to buy a vacation home in 8 years from now and wants to have saved $91,966 for a down payment. How much money should he place today in a savings account that earns 4.47 percent per year (compounded daily) to accumulate money for his down..

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