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You would like to purchase a house in 5 years for $300,000 and be able to make a down payment of 20% of the price
You would like to purchase a house in 5 years for $300,000 and be able to make a down payment of 20% of the price of the house. You have access to an account that earns 6%, compounded monthly. How much do you have to put into the account each month to be able to do this?
You would like to purchase a house in 5 years for $300,000 and be able to make a down payment of 20% of the price of the house. You have access to an account that earns 6%, compounded monthly. How much do you have to put into the account each month to be able to do this?
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