Question: 1. You would like to have a 10% down payment for a house valued at $150,000 in 3 years. You plan to put the money

1. You would like to have a 10% down payment for a house valued at $150,000 in 3 years. You plan to put the money in your money market account earning 4%. How much do you need to save per year to reach your goal?

A - $3,585

B - $4,250

C - $48,052

D - $4,805

2. Using the information from the previous question, how much would you need to save per month?

A - 420

B - 393

C - 397

D - 5,030

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