How much does she have to invest today to achieve


Sarah Homebody would like to buy a house. She believes she will need a downpayment of $60,000. If she intends to buy a house 8 years from now and can earn 6% annually on her investment, how much does she have to invest today to achieve her savings goal ? Round your answer to the nearest $1.00 and write your answer without using a $ sign (e.g., 2,000.00 NOT $2,000.00)

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How much does she have to invest today to achieve
Reference No:- TGS0677402

Expected delivery within 24 Hours