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22 votes
22 votes
Samantha knows that she needs $22,000 for a 10% down payment on a house she can afford. She found an investment that earns 2.75% interest compounding monthly. How much should she put in the account now, rounded to the nearest dollar, to ensure she has the down payment amount in 5 years?

$4,320

$19,177

$13,371

$5,649

User Caryl
by
2.8k points

1 Answer

10 votes
10 votes

Answer:

19,177

Explanation:

I took the test

User Ankit Singhania
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2.8k points