John plans to buy a vacation home in 7 years and wants to save $97,443 for a down payment. How much money should he place today in his savings account that earns 5.55% per year (compounded daily) to accumulate money for his down payment?
John plans to buy a vacation home in 7 years and wants to save $97,443
for a down payment. How much money should he place today in his savings account that earns 5.55% per year (compounded daily) to accumulate money for his down payment?
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