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using formula FV= PMT * FVAF (N, Rate) 14. You hate paying interest, but someday you want to buy a home. Easy - pay cash!

using formula FV= PMT * FVAF (N, Rate)
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14. You hate paying interest, but someday you want to buy a home. Easy - pay cash! After debating how much you should pay for this house, you a half a million dollars has a nice ring to it. Assuming your bond fund will pay 9% and you have 12 years to save, how much will you have to save each year

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