You want to save for a down payment on your first home which you plan on buying

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Question:

You want to save for a down payment on your first home which you plan on buying in six years. Your maximum budget for the home is $

350, 000 .

You plan to put a

20 %

down payment. An investment company is offering

10 %

return on your investment compounded semi

-

annually. How much do you have to invest today?

Posted Date: May 18, 2024 10:11 AM

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