Konstantin wants to save $46,000.00 for the down payment on a house. He already has $3,680.00, and he will make monthly deposits for the next 9 years (at the end of each period). The interest rate is 2.525% compounded semi-annually. How much will the monthly deposits be?

Answer rating: 100% (QA)

To calculate the monthly deposits that Konstantin needs to make to save 46000 for the down payment o... View the full answer