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Archive for the ‘Mathematics’ Category

How much money do I need in a bank account to cover my mortgage taking into account the interest earned?

Sunday, December 20th, 2009
bank account
chris_newgent asked:


Assume that my mortgage is $600 / month, and that I have a bank account paying 5%. How much do I need in the bank to cover 1 years mortgage payments taking into the account the interest that will be earned over the year.

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