Question
Barbara wants to save up enough money to put a $24,000 down payment on a house in 2 years. How much money should she deposit
Barbara wants to save up enough money to put a $24,000 down payment on a house in 2 years. How much money should she deposit each month into an account which pays 6% interest compounded monthly in order to save enough money for the down payment?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
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