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A couple is trying to save for down payment on their first house. They wish to have $25,000 in 8 years. How much should they invest monthly in an account that pays 6.1% compounded annually
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5 votes
5 votes
A couple is trying to save for down payment on their first house. They wish to have $25,000 in 8 years. How much should they invest monthly in an account that pays 6.1% compounded annually

User Beau Nouvelle
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1 Answer

17 votes
17 votes

Answer:

I this 500$

Explanation:

User Freddie Witherden
by
2.8k points
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