Suppose you want to buy a new home you currently have 35000


Suppose you want to buy a new home. You currently have $35,000, and you figure you need to have a 15% down payment plus an additional 7% of the loss amount for closing costs. Assume the type of house you want will cost about $250,000 and you can earn 7.5% per year. How long will it be before you have enough money for the down payment and closing costs?

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Financial Management: Suppose you want to buy a new home you currently have 35000
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