Hall Brewer
10/02/2024 · Junior High School
The Weidmans want to save \( \$ 50,000 \) in 2 years for a down payment on a house. If they make monthly deposits in an account paying \( 12 \% \), compounded monthly, what is the size of the payments that are required to meet their goal? (Round your answer to the nearest cent.) \( \$ \)
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The monthly payments required are approximately \$1865.80.
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