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John wants to have a $40,000 net worth in five years. The monthly interest rate is 0.5% for any savings. Which of the following plan

John wants to have a $40,000 net worth in five years. The monthly interest rate is 0.5% for any savings. Which of the following plan can achieve the goal?

Question 5 options:

Save $15,000 now and let it grow interest for five years.

Save $573.31 per month for sixty months.

Save $29,655 now and let it grow interest income for five years.

Save $500 per month for sixty months.

Deposit $10,000 now and save $380 per month for sixty months.

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