Question: You are planning to save for a down payment on a house that costs $300,000 in 5 years. If you want to have a 20%

You are planning to save for a down payment on a house that costs $300,000 in 5 years. If you want to have a 20% down payment and currently have $50,000, what monthly savings contribution do you need to make to reach your goal assuming a 5% annual rate of return?

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