Question
please type out answer Before you have kids, you and your spouse manage to save $30,000 which you plan to use to buy a second
please type out answer
Before you have kids, you and your spouse manage to save $30,000 which you plan to use to buy a second home. The second home of your dreams requires a down payment of $63,000. If the money is in a savings account that earns 6% annual interest, how long must you wait before you can afford the down payment?
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
