Mathematics, 03.10.2021 14:00 rubensanchez625

Suppose you start saving today for a $11,000 down payment that you plan to make on a condo in 6 years. Assume that you make no deposits into the account after your initial deposit. The account has monthly compounding and an APR of 3.6%. How much would you need to deposit now to reach your $11,000 goal in 6 years?

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Suppose you start saving today for a $11,000 down payment that you plan to make on a condo in 6 year...