SOLUTION: How much must be deposited today into the following account in order to have $ 25000 in 7 years for a down payment on a house? Assume no additional deposits are made.
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Question 1146809: How much must be deposited today into the following account in order to have $ 25000 in 7 years for a down payment on a house? Assume no additional deposits are made.
An account with annual compounding and an APR of 5% Answer by ikleyn(52775) (Show Source):
