Malaika has saved $15,000 already to buy a home. In the future, she can save $500 per month at the end of each month in a savings account. The savings account is giving her 7.25% return per year.

 

How many years will it take for Malaika to save $60,000 as a down payment to buy her dream house? Enter your answer in years in the following format: 1.23

Answer rating: 100% (QA)

To calculate the number of years it will take for Malaika to save 60000 as a d... View the full answer