I need $25 000 four years from today. I have money to invest in an account that pays 5.5% p.a. interest compounded daily. How much should I invest today to meet my requirements in 4 years?

$ 1 Would become $1.2460560214 if invested @5.5% compounded daily in 4 years time.

So you would need $ 20,063.30 invested to-day to achieve the $25,000 in four years time.

Thak you very much