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3. Megan & Aaron are in their mid 20's, trying to save up for a house downpayment. They have been flipping through real estate magazines
3. Megan & Aaron are in their mid 20's, trying to save up for a house downpayment. They have been flipping through real estate magazines and really like homes that are around the $325,000 price point. a. What kind of downpayment will they need to exempt them from PMI? (in dollars) b. If they save $ 10,000 per year for the next 3 years and can get a 4% rate of return on their savings, will they have enough for their desired downpayment? Comment why/why not. L
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