John plans to buy a vacation home in 8 years from now and, Financial Management

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John plans to buy a vacation home in 8 years from now and

John plans to buy a vacation home in 8 years from now and wants to have saved $57965 for a down payment. how much money should he place today in a saving account that earns 4.63 % per year (compound daily) to accumulate money for his down payment? round the answer to two decimal places

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