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

Multiple Choice

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