Question: Please solve A, B, C, and D step by step! THANK YOU SO MUCH FOR YOUR HELP!!! 1) You have decided that you want to
1) You have decided that you want to buy a home in 6 years. You believe you can afford a house that is $200,000. a)If you want to have 19% for a down payment, how much will you need to have for the down payment? Down payment S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Kound your answer to 2 decimal places as needed b) You decide to start investing money now so that you will have the down payment in 6 years when you are ready to purchase the home. How much should you put into a mutual fund each month if vou know you can earn 5.2%? Money invested each month $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Round your answer to 2 decimal places as needed. c) The day has finally arrived. You have saved your down payment, and are ready to purchase your S200,000 home. How much money will you be taking as a loan? Loan amount = $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Round your answer to 2 decimal places as needed. d) What would the monthly mortgage payment be if your loan was a 2.6% 30-year fixed mortgage? Monthly mortgage payment-S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT
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