Question

Sophia knows that she needs $42,000 for a 20% down payment on a house she can afford. She found an investment that earns 2.25% 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 points)
са $11,052
b
$13,778
$37,070
d
$37.535

Answer 1

for this question the answer will be B