Business, 21.06.2021 16:50 quadyshia12370

Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a 20% down payment. For example, to buy a $100,000 home, a person would need to save $20,000. At the end of each year for five years, the women make the following investments: Person Annuity Payment Type of Account Expected Annual Return
Mary Kate $3,900 Savings 3%
Ashley 4,900 CDs 5
Dakota 5,900 Bonds 6
Elle 5,900 Stocks 12

Required:
What is the maximum amount each woman can spend on a home, assuming she uses her accumulated investment account to make a 20% down payment?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 13:20

Suppose there are only three people in the economy: jane, harry, and bob. the individual demand for corn for each of these consumers is given in exhibit 3-1. the total quantity demanded of corn if the market price is $5 is

Answers: 3

Answer

Business, 22.06.2019 05:30

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Answers: 3

Answer

Business, 22.06.2019 06:00

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:

Answers: 2

Answer

Business, 22.06.2019 11:40

You are a manager at asda. you have been given the demand data for the past 10 weeks for swim rings for children. you decide to run multiple types of forecasting methods on the data to see which gives you the best forecast. if you were to use exponential smoothing with alpha =.8, what would be your forecast for week 22? (the forecast for week 21 was 1277.) week demand 12 1317 13 1307 14 1261 15 1258 16 1267 17 1256 18 1268 19 1277 20 1277 21 1297

Answers: 3

Answer

You know the right answer?

Mary Kate, Ashley, Dakota, and Elle each want to buy a new home. Each needs to save enough to make a...

Questions