You are planning to buy a house in five years.Approximately how much do you need to deposit today to have a $10,000 down payment if your investment will make 6%?
A)$6,000
B)$6,590
C)$7,470
D)$9,400
E)$10,000

Question

You are planning to buy a house in five years.Approximately how much do you need to deposit today to have a $10,000 down payment if your investment will make 6%? 
A)$6,000 
B)$6,590 
C)$7,470 
D)$9,400 
E)$10,000

Quizplus · Accepted Answer

The Answer of You are planning to buy a house in five years.Approximately how much do you need to deposit today to have a $10,000 down payment if your investment will make 6%? 
A)$6,000 
B)$6,590 
C)$7,470 
D)$9,400 
E)$10,000

You Are Planning to Buy a House in Five Years