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 one year ago
You want to purchase a house in 5 years. You estimate its cost as $150,000 and you want to make a 20% down payment. How much do you need to save each month?
 one year ago
You want to purchase a house in 5 years. You estimate its cost as $150,000 and you want to make a 20% down payment. How much do you need to save each month?

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jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.120% of 150,000 = ??

ashneedhelp
 one year ago
Best ResponseYou've already chosen the best response.0@jim_thompson5910 30000

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1so you need to have that amount in cash in 5 years

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1there are 12*5 = 60 months in 5 years so you need to save 30000/60 = 500 dollars per month

ashneedhelp
 one year ago
Best ResponseYou've already chosen the best response.04. If you want to include closing costs of 5% with your down payment, how much additional money must you save per month?

ashneedhelp
 one year ago
Best ResponseYou've already chosen the best response.0@jim_thompson5910 would that be 525

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1take 5% of 150,000 then divide that by 60
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