Homework answers / question archive / You plan to buy a house in 6 years

You plan to buy a house in 6 years

Finance

Share With

You plan to buy a house in 6 years. You want to save money for a down payment on the new house. You are able to place $271 every month at the end of the month into a savings account at an annual rate of 4.06 percent, compounded monthly. How much money will be in the account after you made the last payment? Round the answer to two decimal places. Show working & formula