Assume that you would like to purchase a home in the next 15 years.
Cont. and put 20% as a down payment.
Based on the interest rate on a five year interest rate from the Treasury department: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield.
Calculate the required yearly savings on %50,000.
How much money could be made using the same interest rate with the amount of yearly cash flows which would have been saved for the investment if these amounts had been invested instead?
Which is the best option? Why?
700 – 1,000 words and References and cities….