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20 February, 16:33

James wants to set aside money each month to save for a down payment on a new home. How much will James need to save each month if he wants to have $30,000 in three years and can earn a 6% interest rate that compounds monthly

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  1. 20 February, 18:57
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    James will need save $763 each month if he wants to have $30,000 in three years and can earn a 6% interest rate that compounds monthly.

    Step-by-step explanation:

    I'm on PLATO and I got it correct.
  2. 20 February, 19:01
    0
    Answer:3.80000000000
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