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QUESTION
Homework #3B (FV and PV of annuity non-annually)
Homework #3B (FV and PV of annuity non-annually)
Finance 330
Question 3 (1 point)
You plan to buy a house in 4 years. You want to save money for a down payment on the new house. You are able to place $314 every month at the end of the month into a savings account at an annual rate of 11.58 percent, compounded monthly. How much money will be in the account after you made the last payment?
Round the answer to two decimal places.
