You plan to buy a property costing $500,000 in 3 years and wish to make a 20% down payment at that time. If you can invest your money at an 5% compounded annually. How much money should you invest now to have enough for the down payment? A. $478,355.71

B. $485,900.23 C. $345,535.04

D. $345,000.00

asked by guest
on Oct 21, 2024 at 11:33 pm



Mathbot Says...

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


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