How long will it take timothy before he has necessary money, Finance Basics

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How long will it take timothy before he has necessary money

Discussion: Loan Ammortization

If Timothy needs $15,000.00 minimum for a down payment on a home and he has $1000.00 per month discretionary money that can save or pay toward the car, how long will it take Timothy before he has the necessary money for a down payment for a home? Assume j12= 3.8 %.

The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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