It will take Richard and Sarah 3 years to save enough for a down payment on a house at their current rates. If the house's downpayment is $108000, calculate the amount each person saves per month if they share the monthly savings. Let's think step by step and output the final answer after "####".
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If they are to save every month for three years to reach the target amount, and each year has 12 months, they'll save for 12*3 = <<12*3=36>>36 months.
If the house's downpayment is $108000, the total amount they both save per month is $108000/36 = $<<108000/36=3000>>3000 every month.
Since they share the monthly savings, each person will pay $3000/2= =$<<3000/2=1500>>1500
#### 1500
It will take Richard and Sarah 3 years to save enough for a down payment on a house at their current rates. If the house's downpayment is $108000, calculate the amount each person saves per month if they share the monthly savings.
train