Question
A couple wants to save up for a down payment on a house in 5 years. They plan to save $1,000 per month and deposit
A couple wants to save up for a down payment on a house in 5 years. They plan to save $1,000 per month and deposit it into an investment account that earns an annual interest rate of 6%. If they make monthly deposits, how much will their investment account be worth in 5 years?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
