Sarah knows that she needs $62000 for a 25% down payment on a house she can afford. she found an investment that earns 1.25% interest compounded monthly. how much should she put in the account now, rounded to the nearest dollar, to ensure she has the down payment amount in five years? a. $58,246 b. $54,722 c. $17,993 d. $29,423

Answer is c :)

I have all the work out on paper and this is what I got, checked it with my teacher and it is correct.

rounding to the nearest thousandth would be 452,000

part 1 answer = 8

part 2 answer = 72

step-by-step explanation:

part 1 explanation = add all of the numbers, then divide by how many numbers you have. so, 200/25 = 8.

part 2 explanation = not gonna lie, this is hard to explain, so just google how to do it.