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3 years ago

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Marissa knows that she needs $35,000 for a down payment on a house. She found an investment that earns 3.25% interest compoundin

g monthly. She would like to purchase the home in 5 years. How much should she put in the account now to ensure she has her down payment? (1 point)

1 answer:

BigorU [14]3 years ago

7 0

Answer:

Step-by-step explanation:

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<img src="https://tex.z-dn.net/?f=%20%5Csqrt%7B%20%5Cfrac%7B36%7D%7B4%7D%20%7D%20" id="TexFormula1" title=" \sqrt{ \frac{36}{4}

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Step-by-step explanation:

$\sqrt{36/4} =$ $\sqrt{36} /\sqrt{4}$

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Hope that helps :)

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