Suppose you invest, every month, in an annuity that pays 3% interest, compounded monthly. After 25 years, you have $550,000. How
1 answer:
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Answer:
Recommended Minimum Income
$68,684
To afford monthly payments of $2,175 per month, we recommend household income of $68,684 or greater.
Recommended Savings
$27,462
Minimum Down Payment $19,900
Closing Costs $7,562
Step-by-step explanation:
