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You Want to Save $30,000 for a Down Payment on a Home

Question 13

Multiple Choice

You want to save $30,000 for a down payment on a home by making regular monthly deposits over four years. If the APR is 7%, how much money do you need to deposit each month?


A) $543.39
B) $419.04
C) $668.08
D) $625.00

Correct Answer:

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