Solve the Problem. -If $300,000 Is to Be Saved Over 25 Years, How

question 16

Multiple Choice

Solve the problem.
-If $300,000 is to be saved over 25 years, how much should be deposited monthly if the investment earns 8% interest compounded monthly?

• A) $315.45
• B) $180.48
• C) $260.87
• D) $216.62

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