Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / 9 years from now, you plan to buy a house for $300,000

9 years from now, you plan to buy a house for $300,000

Finance

9 years from now, you plan to buy a house for $300,000. The down payment is 10% of the house value ($30,000). 
If you can earn 2.50% interest. compounded annually, on your savings, how much do you need to deposit today to have $30,000 in 9 years? 
(Round your answer to the nearest hundredth: two decimal places. Also, if your answer is an even number, enter it with two decimal places; e.g., 34.00) 

Option 1

Low Cost Option
Download this past answer in few clicks

2.94 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE