You plan to buy a house in 4 years you want to save money, Finance Basics

+44 141 628 6080
[email protected]

You plan to buy a house in 4 years you want to save money

Question: You plan to buy a house in 4 years. You want to save money for a down payment on the new house. You are able to place $395 every month at the end of the month into a savings account at an annual rate of 7.90 percent, compounded monthly. How much money will be in the account after you made the last payment?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: You plan to buy a house in 4 years you want to save money

Reference No:- TGS02832170

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : A piece of machinery costs 40000 and has an estimated

question a a piece of machinery costs 40000 and has an estimated lifetime of 12 years what uniform annual payment must

Q : Calculate annual cost of debt for following semi-annual

1 consider a two-step mortgage for 150000 30 years monthly payments an initial interest rate of 5 a cap of 5 and a

Q : Xyz corps outstanding bonds have a 1000 par value and they

xyz corps outstanding bonds have a 1000 par value and they mature in 10 years their yield-to-maturity is 7 annual

Q : The stated value of its common stock is 050 and the total

question - walton corporation shows the following in the stockholders equity section of its balance sheet the stated

Q : You plan to buy a house in 4 years you want to save money

question you plan to buy a house in 4 years you want to save money for a down payment on the new house you are able to

Q : They have a 15-year maturity an annual coupon rate of 95

abc incs noncallable semi-annual bonds currently sell for 1160 they have a 15-year maturity an annual coupon rate of 95

Q : They have a 15-year maturity an annual coupon rate of 95

abc incs noncallable annual bonds currently sell for 1150 they have a 15-year maturity an annual coupon rate of 95 and

Q : You placed 6425 in saving account today that earns annual

question you placed 6425 in saving account today that earns annual interest rate of 5 percent compounded annually how

Q : When considering two mutually exclusive projects this

1 when considering two mutually exclusive projects the firm should always select the project whose internal rate of

1923134

Questions
Asked

3,689

Active Tutors

1424530

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported