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Homework answers / question archive / John plans to buy a vacation home in 11 years from now and wants have saved $43,863 for a down payment

John plans to buy a vacation home in 11 years from now and wants have saved $43,863 for a down payment. How much money should he place today in a savings account that earns 5.10% per year (compounded daily) to accumulate money for his down payment? Round answer to two decimal place.

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