Question
Judy wants to start saving money for a down payment on a house with the $2,500 tax refund she just received. Her goal is to
Judy wants to start saving money for a down payment on a house with the $2,500 tax refund she just received. Her goal is to have $20,000 after 2 years of saving. If her savings account has an APR of 1.9% compounded monthly, how much does she need to add to the account each month to accomplish her goal?
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Get StartedRecommended Textbook for
Engineering Economy
Authors: Leland T. Blank, Anthony Tarquin
8th edition
73523439, 73523437, 978-0073523439
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