R 1. Missy knows that she needs $40,000 for a down payment on a house. She found an investment that earns 3.05% interest compounding monthly. She would like to purchase the home in 5
years. How much should she put in the account now to ensure she has her down payment? (1 point)
$27,770.97
$34,349.00
$8,872.33
$48,580.69