Question

I want to buy a house in 5 years. I need to have a down payment of $50,000. How much do I need to have today in order to have the down payment, if I can earn 5%?

not sure how to go about this problem

Answer 1

This is what I get:
39,176.31 correct?

Answer 2

I just did the problem another way and got 39200.00 please help me!

Answer 3

Perhaps "Math" in the School Subject box will alert a math tutor to help you.