How much will they have available to put down, Finance Basics

+44 141 628 6080
[email protected]

How much will they have available to put down

Kate and Richard just won $35,000 in the Pennsylvania state lottery. They decide to spend $9,000 now and put the remaining $26,000 in an investment earning 7 percent compounded annually. If they use the money in that investment for a vacation home in 9 years, approximately how much will they have available to put down on that home?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: How much will they have available to put down

Reference No:- TGS0728739

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Calculate the mass flow rate of refrigerant gas

Refrigerant Gas (r-134) at 500k and 70 degrees C enters an air-cooled condenser (heat exchanger) and leaves the condenser as saturated liquid at 500 kPa.

Q : How much less will neville pay in taxes

Neville Longbottom has been asked to serve as a consultant on a building project and can get paid his fee up-front or at the end of the long project.

Q : Problem based on temperature equilibrium

When equilibrium is reached, the nut is sitting in a small pool of water from the melted ice. How much water is there? Assume no heat enters or leaves the system.

Q : What is ricos taxable income

Rico Suave is a widowed single father with 2 dependent children. Rico has a gross income of $48,000, adjustments of $8,000, and itemized deductions of $8,700.

Q : How much will they have available to put down

Kate and Richard just won $35,000 in the Pennsylvania state lottery. They decide to spend $9,000 now and put the remaining $26,000 in an investment earning 7 percent compounded annually.

Q : Determine the change in specific entropy of the water

The pressure drops by 25 kPa across the condenser as heat is extracted to a 30C thermal reservoir. If the water exits as a saturate liquid, determine the change in specific entropy of the water.

Q : How much would her monthly payment be for a loan financing

Allie Dawson is trying to decide whether or not she can afford the monthly payment of a loan to purchase a new car. The car costs $19,600. She is considering a 5-year loan at 6% interest.

Q : Minimum coefficient of friction needed to prevent slipping

A hollow, spherical shell with mass 1.55 kg rolls without slipping down a slope angled at 39.0. Find the minimum coefficient of friction needed to prevent slipping.

Q : Calculate the final temperature of the silver and water

One pound of silver at 5000F is plunged into four pounds of water at 600F in a manner such that no wa-ter is evaporated. Calculate the final temperature of the silver and water?

1927036

Questions
Asked

3,689

Active Tutors

1460713

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Comment on parenthetical style

Comment on Parenthetical style: "The inclusion of plants in an indoor environment may positively impact our psychological response

What when a counselor asks a client to pretend to interview

When a counselor asks a client to pretend to interview for a job, and the counselor pretends to be an employer,

Can you put this in study guide format

Can you put this in study guide format: External Validity Sample characteristics Stimulus Characteristics Multiple Treatment Interference

Reviewing your cliftonstrengths themes

After reviewing your CliftonStrengths themes in-depth and exploring the various mission statements/purpose statements from this module,

Compare independent variables, dependent variables

Problem: Compare independent variables, dependent variables, and extraneous variables.

How level of parental involvement impact middle school

How does the level of parental involvement impact middle school students' academic performance and overall educational experience?

Why consciousness is an especially important

Consciousness is an especially important team member characteristic. Research indicates that mixing highly conscious individuals in a team