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 4.) you worked very hard, and

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 4.) you worked very hard, and

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 4.) you worked very hard, and you just got promoted. Congratulations! You make $140,5000. You plan to purchase a $700,000 home in five years. You start an annuity to save enough money to put down a 15% down payment. You get paid biweekly (every other week) and every pay day you put money aside for your future home. How much money do you need to put aside to reach your goal? The annuity has a 4% interest rate.5.) Congratulations, you have saved enough and you are ready to purchase your home (stated #4). Remember, your total mortgage is the down payment ... View full description