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  3. please help where you can 20 21 2) you just..

please help where you can 20 21 2) You just...

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Accounting

please help where you can
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20 21 2) You just purchased a house for $ 160,000, in 5 years it's market value will be $175,000. 22 What will be the rate of return on your house? (what return (annual) will you earn on your investment?). 23 24 26 27 28 3) You can save $1,500 per year - you want to save a total of $20,000. 29 You can earn 8% on your savings - how long will you need to save? 30 31 33 34 35 4) You are purchasing a home. The cost of the home (and the amount of your loan) is $250,000 36 The annual rate on your mortgage is 6% (compounded monthly) and the loan is for 30 years. 37 What will be your monthly house payment? 38 30. 25 32

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