You plan to buy a house in 7 years. You want to save money for a down payment on the new house. You are able to place $123 every month at the end of the month into a savings account at an annual rate of 8.66 percent, compounded monthly? How much money will be in the account after you made the last payment? 

Answer rating: 100% (QA)

Assuming that you make 84 monthly payments of 123 over 7 years and the inter... View the full answer