Question: Based on the information below, if Jason starts saving immediately for the down payment on his house, how much additional money will he have to

Based on the information below, if Jason starts saving immediately for the down payment on his house, how much additional money will he have to save each month? Assume an investment rate of return of 5% per year (please enter the numeric value round to the nearest dollar).

Cost of house	$500,000
Years till purchase	2
Expected inflation rate	3%
Inflation-adjusted cost of house
Required 10% down-payment
Investment yield	5.00%

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