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Elementary,Middle School,High School,College,University,PHD

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Applied Sciences,Chemistry See all
Applied Sciences,Chemistry,Communications,Economics,Engineering,Environmental science Hide all
Teaching Since: Apr 2017
Last Sign in: 363 Weeks Ago, 5 Days Ago
Questions Answered: 352
Tutorials Posted: 351

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  • MBA,PHD in Psychology
    Northwest Florida State College
    Jun-1992 - May-1997

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  • Professor
    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 08 May 2017 My Price 9.00

Suppose a young newlywed couple

Suppose a young newlywed couple is planning to buy a home two years fromnow. To save the down payment required at the time of purchasing a home worth$220,000 (let’s assume that the down payment is 10% of the sales price, or$22,000), the couple decides to set aside some money from each of their salariesat the end of every month. If each of them can earn 6% interest (compoundedmonthly) on his or her savings, determine the equal amount this couple must depositeach month until the point is reached where the couple can buy the home.

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Status NEW Posted 08 May 2017 11:05 AM My Price 9.00

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