Can you afford the rent on forsy the ave

Assignment Help Financial Management

Reference no: EM131599901

House Information:

For Sale- $249,000

Given the following, can you afford the rent on Forsy the Ave?

You buy $500 of groceries per month

You pay $100 for gas for your car per month

You have $100 of utilities per month

You save $500 for retirement per month

You make $3000 per month

25-year mortgage

10% interest per year

You make a down payment of $50,000.

Reference no: EM131599901

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