In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit each month into an account payi nded monthly?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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In 6 years Harry and Sally would like to have $24,000.00 for a down payment
on a house. How much should they deposit each month into an account paying 4%
compounded monthly?
Transcribed Image Text:In 6 years Harry and Sally would like to have $24,000.00 for a down payment on a house. How much should they deposit each month into an account paying 4% compounded monthly?
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