Question: A) how much will you have for a down payment in 5 years ? B) in addition to your down payment you will borrow 320000$

A) how much will you have for a down payment in 5 years ?

B) in addition to your down payment you will borrow 320000$ to pay for your condo. If the interest rate is 4.2% on your 25 year mortgage. What will be your monthly mortgage payment?

C) what price are you paying for the condo?

D) how much total interest in $ would you have paid once your mortgage is paid off ?

34 total points. You are so excited to buy a condo and are going to start saving right away. You will make mont deposits of SSSO into an account that you think will pay 7.8% peryear. You make your first payment today 4. hly

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