Suppose you want to save to put a down payment on a house. You will contribute...

Question

Question

Suppose you want to save to put a down payment on a house. You will

contribute $X per month, starting one month from today. If your goal is to save $50,000 in five

years and you can earn a return of 1% per month, how much must you save each month? Show work

a. $567.86

b. $573.01

c. $612.22

d. $653.35

Answer 1

Answer #1

Mo SDODo - X X 60 SDooox O.ol r xt 8167- $ svooox o.ol 0.816า 612-22 0.8167 Mo

Answer 2

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