Question
You would like to buy a house and will need a down payment of $19,367 in 8 months. How much would you have to invest,
You would like to buy a house and will need a down payment of $19,367 in 8 months. How much would you have to invest, each month, starting next month, for 8 months to exactly pay for the down payment if your investments earn 2.58% APR compounded monthly?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
