Virginia Tech FIN FIN 3134 You have two goals for which to want to saveboth relating to a home purchase. Realizing that your goals are ambitious, you have decided to start a…
purchase. Realizing that your goals are ambitious, you have decided to start a savings plan. First your want to purchase you new $200k homes in eight years. Your first goal is to have $40,000 saved for a down payment and you will finance the rest with a 30 year, 6% APR conventional mortgage. Second, you also wan tto pay off the home 15 years after purchase, but you do not want to be committee by a higher 15 year mortgage payment. So, separate from making your monthly sent as payment #181, to pay off the balance remaining at that time. You want to invest on a continuous annuity. Assume you can earn 8% EAR on your investment, Calculate the monthly contribution required to meet your town goals.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more