Solved: You plan to buy a house in 6 years you want to save money, Engineering Mathematics

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You plan to buy a house in 6 years you want to save money

You plan to buy a house in 6 years. You want to save money for a down payment on the house. You are able to put $256/month in a savings account with an annual rate of 6.67% which is compounded monthly. How much money will be in the account when you make the last payment?

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Engineering Mathematics: You plan to buy a house in 6 years you want to save money

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Engineering Mathematics: You plan to buy a house in 6 years you want to save money

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