You would like to save up for a deposit of $30,000 to buy a home in exactly 9 years. You can invest your savings at an interest rate of 4.3% per year (compounded yearly). Calculate the amount that you must save at the end of each year for the next 9 years to have enough savings for this deposit (to the nearest dollar).

asked by guest
on Sep 19, 2024 at 7:57 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.