Posted by **emma** on Thursday, May 16, 2013 at 7:45pm.

Suppose you start saving today for a $30,000 down payment that you plan to make on a house in 8 years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach you $30,000 goal in 8 years.

An account with daily compounding and an APR of 6%

You should invest?

## Answer this Question

## Related Questions

- math - You want to have $85,000 college fund in 15 years. HOw much will you have...
- Finance - 7. Today you open a bank account and make a deposit of $6,000. Then ...
- Finance - You can deposit 10,000 into an account paying 9% annual interest ...
- Mathematics - Pam and Tim decide to start saving money for their daughter's ...
- Math - You plan to make 24 equal quarterly payments (payments are at the end of ...
- Business Calculus - Pam and Tim decide to start saving money for their daughter'...
- finance - You want to accumulate $1,000,000 in retirement funds by your 65th ...
- Math help - You plan to make 24 equal quarterly payments (payments are at the ...
- College level math - Suppose you deposit $100 in an account that earns 0.5% each...
- Math - Suppose you deposit $400 in an account that earn 0.75 percent each ...