Price of Property: $$340,000$

Down payment $(20\%$ of the Price of the Property$)$: $$340,000*\mathrm{.}20=$ $$68,000$

The monthly amount you can save towards your down payment is $$604\mathrm{.}00.$

The interest rate used to accumulate the down payment is $10\mathrm{.}1\%.$

What is the monthly amount you can save towards your down payment?

What is the Interest Rate used to accumulate the down payment?

What is the Formula used to determine the time required to accumulate the down payment?

Answer rating: 100% (QA)

Answer Lets break down the information and answer your questions 1 Monthly Savings Amount You mentio... View the full answer