Make monthly deposits into savings account

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Reference no: EM132056973

How much will a $700,000 house cost in 15 years if house prices increase at 3% per year?

Your banker says that you'll need a 20% down payment for your first home purchase. How much will you need to save over the course of the next 15 years to have 20% down? If you are going to make monthly deposits into a savings account (earning 3% interest) how much will you need to save each month for the next 15 years? Start your savings plan at the beginning of the month. ( using excel and will need direction with formula)

Reference no: EM132056973

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