You want to save $30,000 for a down payment on a home by making regular monthly deposits over five years. Take the APR to be 8%. How much money do you need to deposit each month?

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asked Dec 27, 2020 225k views

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You want to save $30,000 for a down payment on a home by making regular monthly deposits over five years. Take the APR to be 8%. How much money do you need to deposit each month?

Mathematics
middle-school

TGnat asked

by TGnat

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1 Answer

5 votes

Answer:

$2400

Explanation:

UpwardD answered Jan 3, 2021

by UpwardD

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