Question
You want to buy a house in 4 years. Current down payments are $5,000 but housing costs are rising at 3% a year. You have
You want to buy a house in 4 years. Current down payments are $5,000 but housing costs are rising at 3% a year. You have $1,000 now and have put it in a savings account paying 3% APR compounded monthly. In 4 years the down payment requirement will be:
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
