How much money do I need in a bank account to cover my mortgage taking into account the interest earned?
Tuesday, June 2nd, 2009chris_newgent asked:
Assume that my mortgage is $ 600/month, and I have a bank account paying 5%. How much do I need it in the bank to cover 1 year of mortgage payments that take into account the interest that is earned during the year.
Roberta
Assume that my mortgage is $ 600/month, and I have a bank account paying 5%. How much do I need it in the bank to cover 1 year of mortgage payments that take into account the interest that is earned during the year.
Roberta

