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(1 point) Mike and Terri estimate that they want to buy a house for $176,000.00,...

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Accounting

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(1 point) Mike and Terri estimate that they want to buy a house for $176,000.00, and they need to make a down payment of 17% of the cost of their house. If they have 18 months to save for the down payment, how much do they need to invest into an account earning 3.941% compounded continuously so that they can reach their goal? Mike and Terri need to invest (Note: Your answer should have a dollar sign and be accurate to two decimal places)

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