Down payment for a house
Problem:
If you desire to have $35,000 for a down payment for a house in six years, what amount would you need to deposit today? Assume that your money will earn 3 percent. Please explain in detail and show your work.
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What was the rate of increase for these automobiles between the two time periods? Please provide step by step solution and explain in detail.
What is your estimate of the stock's current price? Please explain in detail and show your work.
A family spends $45,000 year for living expenses. If prices raise by 3 percent a year for the next three years, what amount will the family need for their living expenses after three years? Please explain in detail and show your work.
Elaine Romberg prepares her own income tax return each year. A tax preparer would charge her $130 for this service. Over a period of 11 years, how much does Elaine gain from preparing her own tax return? Assume she can earn 5 percent on her saving
Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $10,000 available each year for various school and living expenses.
Carla Lopez deposits $3,000 a year into her retirement account. If these funds have an average earning of 5 percent over the 40 years until her retirement, what will be the value of her retirement account? Please explain in detail and show your wo
Calculate the present value of the annual payment. (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.) Please explain in detail and show your work.
What is the company's expected growth rate? Round your answer to two decimal places at the end of the calculations. Please explain in detail and show your work.
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