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Amount Megan expects to need $50,000 as a down payment on a house

August 10, 2020/in Feeds /by admin

Amount Megan expects to need $50,000 as a down payment on a house
in six years. How much does she need to invest today in an account paying 7.25 percent.
Please show step by step, my answer keeps coming out wrong and I want to know what step I am missing something.
I have that FV=PV*(1=r)n(6) maybe my formula is wrong can you guide me step by step