Question

You want to purchase a house in 7 years. The estimated cost is 180,00.00 and you want to make a 20% down payment how much do you need to save power month in order to cover your down payment

Answer 1

You are planning to attend a 2 year college at a cost of 8278.00 /year for your associates degree and then 2 years more at a university costing 14,675.00/year for your bachelor's degree your parents want you to pay 10% of the cost how much of your higher education cost is your responsibly

Answer 2

The answer is 4590.60

Answer 3

Whats the answer

Answer 4

The down payment will be 20% of the estimated cost, which is:

0.20 x 180,000 = 36,000

You want to save this amount in 7 years, or 84 months. So, you need to save:

36,000 ÷ 84 = 428.57 per month

Therefore, you need to save $428.57 per month in order to cover your down payment in 7 years.

Answer 5

The cost of attending a 2-year college for an associate's degree is:

8278.00 x 2 = 16,556.00

The cost of attending a university for a bachelor's degree is:

14,675.00 x 2 = 29,350.00

Your parents want you to pay 10% of the total cost, which is:

(16,556.00 + 29,350.00) x 0.10 = 4,091.60

Therefore, your responsibility for the cost of your higher education is $4,091.60.

Answer 6

I apologize for the mistake in my previous response. The correct calculation for your responsibility for the cost of higher education is:

(16,556.00 + 29,350.00) x 0.10 = 4,590.60

Therefore, your responsibility for the cost of your higher education is $4,590.60.

Answer 7

The answer is $4,590.60.