Mathematics, 04.03.2021 20:40 jorgeyaritzy2001

3. Tammy and Tommy want to have $50,000 for a down payment on a house in 10 years. They will make a single deposit into an account that earns 5.25%, compounded monthly. How much do they need to deposit today to have
their $50,000 in 10 years?
a. $20,250.50
b. $29,578.88
c. $29,611.66
d. $34,426.21

Answers: 3

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3. Tammy and Tommy want to have $50,000 for a down payment on a house in 10 years. They will make a single deposit into an account that earns 5.25%, compounded monthly. How much do they need to deposit today to have their $50,000 in 10 years? a. $20,250.50 b. $29,578.88 c. $29,611.66 d. $34,426.21

Answers

Another question on Mathematics

3. Tammy and Tommy want to have $50,000 for a down payment on a house in 10 years. They will make a single deposit into an account that earns 5.25%, compounded monthly. How much do they need to deposit today to have
their $50,000 in 10 years?
a. $20,250.50
b. $29,578.88
c. $29,611.66
d. $34,426.21