Question: 3. Annulty: You decide to start saving for a down payment on the purchase of a house in five years. The bank requires 20% down
3. Annulty: You decide to start saving for a down payment on the purchase of a house in five years. The bank requires 20% down on a home loan. Include picture and information concerning your house. Source: https://www.realtor.com/realestateandhomes-detail/117-Rosa- St_Tiffin_OH_44883_M37523-41574 (Submit a copy of internet house search info) House Cost: $179,000 20% down payment: 35,800 Monthly payment on annuity of down payment: 5 years at 5% interest Show the formula used and calculation
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