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A couple is trying to save for down payment on their first house. They wish to have $25,000 in 8 years. How much should they invest monthly in an account that pays 6.1% compound…

A couple is trying to save for down payment on their first house. They wish to have $25,000 in 8 years. How much should they invest monthly in an account that pays 6.1% compound…
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5 votes
A couple is trying to save for down payment on their first house. They wish to have $25,000 in 8 years. How much should they invest monthly in an account that pays 6.1% compounded annually

asked
User Federico Blumetto
by
8.1k points

1 Answer

4 votes

Answer:

I this 500$

Explanation:

answered
User Shameka
by
8.6k points
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