Question: You need to have $20,000 for a down payment on a house 4 in years. If you can earn an annual interest rate of 3.1

You need to have $20,000 for a down payment on a house 4 in years. If you can earn an annual interest rate of 3.1 percent, how much will you have to deposit today?

Multiple Choice

$17,168.67
$17,361.65
$17,700.90
$17,162.00
$16,151.74

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