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Price of Property: $ 3 4 0 , 0 0 0 Down payment ( 2 0 % of the Price of the Property ) :

  

Price of Property: $340,000

Down payment (20% of the Price of the Property): $340,000*.20= $68,000

The monthly amount you can save towards your down payment is $604.00.

The interest rate used to accumulate the down payment is 10.1%.

What is the monthly amount you can save towards your down payment?

What is the Interest Rate used to accumulate the down payment?

What is the Formula used to determine the time required to accumulate the down payment?

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