Question: You are trying to save $30,000 for the down payment on a house. You able able to save $6000 per year, or a total of

You are trying to save $30,000 for the down payment on a house. You able able to save $6000 per year, or a total of $24,000. What interest rate do you have to earn to be able to have the $30,000 by the end of 4 years? (Hint: You know A, B, and part of C.) Round to the nearest whole percentage.

A. 3%

B. 6%

C. 9%

D. 12%

E. 15%

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