Ask Question
22 June, 04:56

You are purchasing a house 12 years from now. The estimated purchase price is $171,600.00. You want to make a 20% down payment. You are trying to determine how much to save per month to reach your goal. If closing costs are 8.7%, how much additional money do you need to save per month to cover the additional expense?

+3
Answers (2)
  1. 22 June, 05:02
    0
    Need 34,320 for 20% down divide by 12 years and then by 12 months = 238.33 per month (assume no interest on savings, rounding occurs
  2. 22 June, 06:42
    0
    You need to save $19,390.8
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You are purchasing a house 12 years from now. The estimated purchase price is $171,600.00. You want to make a 20% down payment. You are ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers