Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago
Questions Answered: 19234
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 18 Jul 2017 My Price 14.00

the house of your dreams in 8 years.

Homework #3C (How much will each annual payment be (Using FV or PV)

Finance 330

Question 4 

 

You plan to buy the house of your dreams in 8 years. You have estimated that the price of the house will be $108,933 at that time. You are able to make equal deposits every month at the end of the month into a savings account at an annual rate of 5.80 percent, compounded monthly. How much money should you place in this savings account every month in order to accumulate the required amount to buy the house of your dreams? 

Round the answer to two decimal places

Answers

Dr Nick
(4)
Status NEW Posted 18 Jul 2017 06:07 AM My Price 14.00

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