How much must be deposited today into the following account in order to have $65.000 in 6 years for a down payment on a house.Assume no additional deposits are made. An account with monthly compounding and an APR of 5%.

How much should be deposited today?

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rbgrh8183

11.12.2021

Mathematics

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How much must be deposited today into the following account in order to have $65.000 in 6 years for a down payment on a house.Assume no additional deposits are made. An account with monthly compounding and an APR of 5%. How much should be deposited today?