You Are Planning to Buy a House in Five Years

question 32

Multiple Choice

You are planning to buy a house in five years.Approximately how much do you need to deposit today to have a $10,000 down payment if your investment will make 6%?

• A)$6,000
• B)$6,590
• C)$7,470
• D)$9,400
• E)$10,000

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