Depositing to a Saving Account
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You want to have $25,000 saved 6 years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn 5.5 percent rather than 5 percent on your savings? Today's deposit is the only deposit you will make to this savings account.
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Solution helps in estimiating the deposit today to reach this goal if you can earn 5.5 percent rather than 5 percent on your savings
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You want to have $25,000 saved 6 years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn 5.5 percent ...
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