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Od BE Band maturity cannot last more than 40 years. QUESTION After graduating from college 3 years ago with $0 to her nume, Catherine Bowden
Od BE Band maturity cannot last more than 40 years. QUESTION After graduating from college 3 years ago with $0 to her nume, Catherine Bowden set a goal of being able to put a $15,000 down payment on a house in 5 years. Fast forward 5 years later, Catherine has achieved her goal of being able to put a $15,000 down payment on a house, by having a set payment automatically invested out of her paycheck at the end of each month for the past 5 years into an S&P P500 Index Fund earning a nominal 11 percent per year. What is the amount that was invested out of each paycheck at the end of each month for 5 years for Catherine to be able to put a $15,000 down payment on a house? (Round to the nearest cent.) O2 S18864 Oh $177.48 O $2408.35 Od $186.92 O S2169.87
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