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Konstantin wants to save $46,000.00 for the down payment on a house. He already has $3,680.00, and he will make monthly deposits for the next

Konstantin wants to save $46,000.00 for the down payment on a house. He already has $3,680.00, and he will make monthly deposits for the next 9 years (at the end of each period). The interest rate is 2.525% compounded semi-annually. How much will the monthly deposits be?

a. K = $348.91.

b. K = $363.62.

c. K = $328.66.

d. K = $447.53.

e. K = $349.64.

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