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6 years from now, you plan to buy a house for $300,000. The down payment...

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Finance

6 years from now, you plan to buy a house for $300,000. The down payment is 10% of the house value ($30,000).
If you can earn 2.75% interest, compounded annually, on your savings, how much do you need to deposit today to have $30,000 in 6 years?
(Round your answer to the nearest hundredth; two decimal places. Also, if your answer is an even number, enter it with two decimal places; e.g.,34.00)
Rate =2.75=0.0275
Time period =6
Present value =30,000*Present value of discounting factor(rate%,time period)
Present value =
Present value =

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