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You want to have 35,000 saved 6 years from now to buy a house. How much less do you have to deposit today to reach

You want to have 35,000 saved 6 years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn 5.5 per cent rather than 5 percent on your savings? Today's deposit is the only deposit you will make to this savings account.

Multiple Choice

a)733.94

b)845.11

c)791.18

d)919.02

e)824.60

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