Solved: How much money should he place today in a saving account, Basic Statistics

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How much money should he place today in a saving account

John plans to buy a vacation home in 8 years from now and wants to have saved $46,357 for a down payment. How much money should he place today in a saving account that earns 9.26 percent per year (compounded daily) to accumulate money for his down payment?

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Basic Statistics: How much money should he place today in a saving account

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