Concept explainers
Houseload o’ cash. You want to buy a house by age 30. Right after college, at age 22, you decide to save money every month towards a down payment of $20,000. If you can invest your money at 3% compounded annually, how much should you invest each month to reach your goal in 8 years?
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The Heart of Mathematics: An Invitation to Effective Thinking
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