Question: A. You have decided to start saving $746 a month starting the end of this month, so you can retire as soon as you can
A. You have decided to start saving $746 a month starting the end of this month, so you can retire as soon as you can accumulate $681,998. If you can earn 4 percent on your savings, how many years will it be before you can retire? Round your answer to 2 decimal places.
B.You want to purchase a new house that costs $202,393. Your plan is to pay 30 percent down in cash and finance the balance over 17 years at 5.86 percent. What will be your monthly mortgage payment? Round your answer to 2 decimal places.
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