The halls also plan to use half of their savings balance


How much money will the Halls have to set aside each month so as to have enough saved up for a down payment on the $230,000 house within 12 months, if the savings can grow at 1.5%? Assume that the closing costs amount to 1.5% of the loan and the down payment is 20% of the house price. The halls also plan to use half of their savings balance toward the down payment.

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Financial Management: The halls also plan to use half of their savings balance
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