Business, 11.09.2019 02:30, aiguillen6228
Aperson is planning to open a savings account with the intent to buy a house in 5 years. they will invest an equal amount each month for 5 years. this account will earn 6% per year(.5% per month)and will have $300,000 at the end of 5 year term. what is the amount of the monthly investment?
a. 4169
b. 4435
c. 4300
d. 5296
Answers: 1
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