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John is saving for a house and is planning to make a purchase after saving for an additional two years from today. He currently has

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John is saving for a house and is planning to make a purchase after saving for an additional two years from today. He currently has a planned budget, an idea of the purchase price of a house, and savings for a down payment and would like to consult you to ensure his expectations are realistic. The statements below outline John's current financial situation. 1. Classify the following facts into Irrelevant, Assumption: Goal, Assumption Parameter, Variable Parameter, and Goal. Explain your choice in the justification section. Statement Classification Justification John currently has $20,000 in savings Current mortgage interest rate is 3.00% John works in Marketing Current unemployment rate is 6% John's budget for buying a house is $400,000

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