Sarah knows that she needs $62000 for a 25% down payment on a house she can afford. she found an investment that earns 1.25% interest compounded monthly. How much should she put in the account now, rounded to the nearest dollar, to ensure she has the down payment amount in five years?
a. $58,246
b. $54,722
c. $17,993
d. $29,423
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Sarah knows that she needs $62000 for a 25% down payment on a house she can afford. she found an investment that earns 1.25% interest ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is as 8 hundred is 8 thousand
Answers (1)
Burger Barn makes dipping sauce by mixing 2 spoonfuls of honey with 1/2 spoonful of mustard. Sandwich Town makes dipping sauce by mixing 4 spoonfuls of honey with 1 spoonful of mustard.
Answers (1)
write a number with a 6 in it that is 10 times the value of 6 in this number 236,789.321 explain plis
Answers (1)
John is painting a 12 foot long wall. if has finished painting 1/8 if the wall how many feet has John painted
Answers (1)
The sum of x plus y equals 26. If x=17, which equation can be used to find the value of y?
Answers (2)
New Questions in Mathematics
A teacher has 15 weeks in which to teach six chapters. Write and then solve an equation, showing all work, that represents the number of lessons the teacher must teach per week if there is an average of 8.5 lessons per chapter.
Answers (1)
A recipe for salad dressin calls for 1/4 cup of vinehar you have 4 cups of vinegar how many batches of salad dressing could you make with the vineger
Answers (1)
What number should be in the blank in the sequence? 7; 17; 37; 77; ___; 317
Answers (1)
A car travels 85 km from town a to town b, then 45 km from town b to town c. the total trip took 1.5 h. what was the average speed of the car?
Answers (1)
Mr. Valenzuela's new bottle of shampoo contains 60 ounces of shampoo. He uses ounce of shampoo each time he washes his hair. Which equation can be used to find x, the number of washes after which 24 ounces will remain in the bottle?
Answers (1)