Question: 1 . Nancy will need $ 5 0 0 , 0 0 0 in 2 0 years to buy a house on the water in

1. Nancy will need $500,000 in 20 years to buy a house on the water in Ft. Lauderdale Florida. In order to reach her goal, she decides to invest in a real estate stock that has paid a consistent annual dividend of 14%. How much does Jenny have to invest in the fund each month in order to achieve her goal of 500,000?
A. Need more information to answer this question
B.589.00
C.2375.00
D.384.27

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