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Miriam Ramos has saved $12,000 towards a down payment on a new house. She wants to have a total of $40,000 and plans to buy

Miriam Ramos has saved $12,000 towards a down payment on a new house. She wants to have a total of $40,000 and plans to buy in 5 years. How much will she have to save at the beginning of each month if she can earn 2.5% on her savings?

  • $413.59

  • $412.73

  • $839.53

  • $837.78

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