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You are planning to purchase your first house with a down payment of 5 0 , 0 0 0 . Currently, you have 1 5

You are planning to purchase your first house with a down payment of $50, 000 .$ Currently, you have $15, 000$ in the bank which earns interest at $8 %$ compounded quarterly. How many years will you have to wait before you can afford the down payment?

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You are planning to purchase your first house with a down payment of 5 0 , 0 0 0 . Currently, you have 1 5

You are planning to purchase your first house with a down payment of 50,000. Currently, you have 15,000 in the bank which earns interest at 8% compounded quarterly. How many years will you have to wait before you can afford the down payment?

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You are planning to purchase your first house with a down payment of $50, 000 .$ Currently, you have $15, 000$ in the bank which earns interest at $8 %$ compounded quarterly. How many years will you have to wait before you can afford the down payment?