Problemyou plan to buy a house in 6 years you want to save, Ask an Expert

Finance

Problem:

You plan to buy a house in 6 years. You want to save money to buy a new house. You are able to place $256 every month at the end of the months into a savings account at annual rate of 6.67% percent compounded annually.

Required:

How much money will be in the account after you made your last payment? Show your all work and explain in detail.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91145937

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