If You Need $35,000 for a Down Payment on a House

question 94

Multiple Choice

If you need $35,000 for a down payment on a house in six years,how much money must you invest today at 7% interest compounded annually to achieve your goal?

• A) $14,700.00
• B) $20,300.00
• C) $23,321.98
• D) $24,954.52

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