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How much would you need to deposit each month, if you were saving for a down payment on a car that you planned on buying in a year and a half, and if the interest rate was 6.2% …

How much would you need to deposit each month, if you were saving for a down payment on a car that you planned on buying in a year and a half, and if the interest rate was 6.2% …
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How much would you need to deposit each month, if you were saving for a down payment on a car that you planned on buying in a year and a half, and if the interest rate was 6.2% and you determined you needed to have $2500?

User Kameron
by
7.5k points

1 Answer

6 votes

Answer:

139 dollars a month.

User Evaluna
by
8.0k points
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