How much must you save each month to reach your goal

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Reference no: EM131623764

Suppose you want to save $45,000 as a down payment to purchase a house in 6 years. You plan on saving money at the beginning of each month starting today. If you can earn 3.50% APR on your investment over the time frame, how much must you save each month to reach your goal?

Reference no: EM131623764

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