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You plan to buy a house in 13 years. You want to save money for a down payment on the new house.

Published on January 2018 | Categories: Humor | Downloads: 13 | Comments: 0
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You plan to buy a house in 13 years. You want to save money for a down payment on the new house. You are able to place $487 every month at the end of the month into a savings account at an annual rate of 10.02 percent, compounded monthly. How much money will be in the account after you made the last payment?

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You plan to buy a house in 13 years. You want to save money for a down payment on the new house. You are able to place $487 every month at the end of the month into a savings account at an annual rate of 10.02 percent, compounded monthly. How much money will be in the account after you made the last payment?

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