You want to purchase a house in 7 years. The estimated cost is $180,000.00 and you want to make a 20% down payment. How much do you need to save per month in order to cover your down payment?

$428.57

$472.29

$449.13

$381.03

Question

5 August, 18:50

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Shiner · Answer 1

20% down payment

0.20 (180,000) = 36,000 ... and u have 7 yrs (7 * 12) = 84 months

36,000 / 84 = 428.57 <==

You want to purchase a house in 7 years. The estimated cost is $180,000.00 and you want to make a 20% down payment. How much do you need to save per month in order to cover your down payment?$428.57$472.29$449.13$381.03