How much money will the mccaffrey have to set

Reference no: EM132004299

Question: How much money will the McCaffrey's have to set aside each month so as to have enough saved up for a down payment and closing costs in the $170,000 house within 24 months? Assume that the closing costs amount to 2% of he loan and the down payment is 20% of the house price. Interest rate for the saving account is 1.5% with monthly interest.

Reference no: EM132004299

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