suppose you start saving today for a 40000 down payment that you plan to make on a house in 8 years.  assume that you make no depsits into the account after the initial deposit  how much would you have to deposit now to reach that goal of 40000 in 8 years  account has daily compunding intrest with an 6 apr rate  how much should you invest

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Q: the amount you need to save each month

A: given   fv=25000 n= 5*12=60 interest i = 3.5% PMT =?

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