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Imagine your favorite ocean - front house on Munster Beach becomes available for sale. You currently have $ 5 0 , 0 0 0 of
Imagine your favorite oceanfront house on Munster Beach becomes available for sale. You currently have $ of savings ready to go Also, your monthly budget would allow to pay to $ per month towards a year mortgage on this house. Finally, you are guaranteed to win the lottery in years from today, providing you with $ at that time, and you can borrow against this money. Interest rates for any type of loan or investment sit at compounded semiannually.
What is the maximum price you could afford to buy this house?
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