Discuss about amount in the investment account

Reference no: EM131793941

Question: At the end of 14 years, your friend wants to have $10,129 saved for a down payment on a house. He expects to earn 12%-compounded annualy-on his investments over the next 14 years. How much would your friend have to put in his investment account each month to reach his goal?

Reference no: EM131793941

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