O
on99_999
Guest
You have a plan to buy a house in 4 years and you want to save enough money to pay for the down payment. The target house price is $500,000 and requires a 20% down payment. Assuming that you have $20,000 in your banking account currently which is making 8% interest rate compounded quarterly, how much will you have to save each year (at the end of the each year) to meet the goal for the down payment?
I dont know how to calculate it >_< , please help!
I dont know how to calculate it >_< , please help!