Your bank account pays monthly interest with an APR of 8%.You are planning to buy a house in 6 years,and you wish to save $40,000 for the down payment.If you currently have no money in your account,how much will you need to save at the end of each month?
A)$451.18
B)$500.34
C)$555.56
D)$434.66
E)$438.53

Question

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The Answer of Your bank account pays monthly interest with an APR of 8%.You are planning to buy a house in 6 years,and you wish to save $40,000 for the down payment.If you currently have no money in your account,how much will you need to save at the end of each month?
A)$451.18
B)$500.34
C)$555.56
D)$434.66
E)$438.53

Your Bank Account Pays Monthly Interest with an APR of 8%.You