Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Saving and Investing
Annuities
A young couple saves for a down payment on a house by depositing $100 each month into an annuity that pays a 4.8% annual rate. Find the amount in the annuity at the end of 2 years.
1 answer
2513.71
You can
ask a new question
or
answer this question
.
Similar Questions
Mr Young is buying a house. He can spend no more than 29 percent of his income on monthly house payments. If he earns 4,200 per
Top answer:
To calculate the largest monthly house payment Mr Young can make, we need to find 29% of his monthly
Read more.
diego is saving money to buy a computer game. he saves $2 the first month , and each month after that, he saves twice as much as
Top answer:
I need help with the same qestoin. ms. Sue can you help me?
Read more.
Diego is saving money to buy a computer game. he saves $2 the first month , and each month after that, he saves twice as much as
Top answer:
To find out how much Diego saves in the third month, we need to understand the pattern of how much
Read more.
A newly couple has $15,000 toward the purchase of a house. For the type and size of house the couple is interested in buying, an
Top answer:
log 4/3 = log [1.025^(4*t)] log 4/3 = 4*t log 1.025 Divide both sides by log 1.025 solve for t
Read more.
Activity 3.4 Sketchtimating Endeavor Goal: To sketch the floor plan of a house and make a rough estimate of the cost of building
Top answer:
Please answer
Read more.
Which statements describe variable expenses? Select the all that apply.
A. Chrystal pays $120 each month for access to high-speed
Top answer:
The statements that describe variable expenses are: - D. Mia’s electricity bill total depends on
Read more.
Which statement describes a variable expense?
a Chrystal pays $120 each month for access to high-speed internet at her house. b
Top answer:
D) Mia’s electricity bill total depends on how much electricity she uses each month.
Read more.
Which statement describes a variable expense?
a Chrystal pays $120 each month for access to high-speed internet at her house. b
Top answer:
d - Mia’s electricity bill total depends on how much electricity she uses each month.
Read more.
Mr. Young is buying a house. He can spend no more than 29% of his income on monthly house payments. If he earns $4,200 per
Top answer:
The largest monthly house payment Mr. Young can make is 29% of his income, which is (29/100) *
Read more.
in order to accumulate enough money for a down payment on a house, a couple deposits 249$ per month into an account paying
Top answer:
To calculate the future value of the deposits, we can use the formula for the future value of an
Read more.
Related Questions
Your parents are buying a house for $187,500. They have a good credit rating, are making a 20% down payment, and expect to pay
A house is being purchased for $138,000.00. The 30-year mortgage has a 10% down payment, an interest rate of 4.875%, and a PMI
lbrahim spends a quarter of his salary on school fees one ninth on water and electricity bills thirds of the remainder on house
A couple buys a $170000 home, making a down payment of 18%. The couple finances the purchase with a 15 year mortgage at an
Bill's monthly payment is $1,056 per month. The principal is $100,000 at a rate of 12 1/2 percent for 35 years. The amount of
A young man received a salary of $315 per month. During the year he spends $480 for rent, $820 for food, $375 for clothing and
Sheila bought a new computer for $2000 and has agreed to finance it at 12% interest with a $100 payments each month. When she
Mr. Smith is purchasing a $190000 house. The down payment is 20% of the price of the house.
He is given the choice of two
Which is an example of a variable expense?(1 point) Responses food food house mortgage house mortgage car payment car payment
n order to accumulate enough money for a down payment on a house, a couple deposits $518 per month into an account paying 6%