Mathematics, 14.01.2020 04:31 Jocelyn0925
You plan on purchasing a new home in the near future. you want to place 10% down on the home and finance the remaining balance. the home that you are interested in is priced at 115,732.80 and your monthly gross salary is $2,624.00. given that monthly expenses total $1,150.12, social security is 6.2% of your biweekly income, medicare is 1.45% of your biweekly income, you pay state and federal taxes in the amount of $53.00 and $101.35 respectively biweekly, determine in how many months you will have to save for, so that you can place a down payment of 10%. round your answers to the nearest cent and to the nearest month.
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