If you want to save $40 000 for a down payment on a home in five years, assuming an interest rate of 4.5 percent compounded annually, how much money do you need to save each month?
A)$666
B)$697
C)$662
D)$597

Question

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The Answer of If you want to save $40 000 for a down payment on a home in five years, assuming an interest rate of 4.5 percent compounded annually, how much money do you need to save each month?
A)$666
B)$697
C)$662
D)$597

If You Want to Save $40 000 for a Down