Kurt wants to have $25,000 in an investment account four years from now.The account will pay 0.2 percent interest per month.If he saves money every month,starting one month from now,how much will he have to save each month to reach his goal?

Question

Quizplus · Accepted Answer

The correct answer is A because $496.75 is the amount that Kurt needs to save each month to reach his goal of having $25,000 in an investment account four years from now. The account will pay 0.2 percent interest per month.

Kurt Wants to Have $25,000 in an Investment Account Four