Asked by Morticia

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

Answers

Answered by Morticia
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
Answered by Morticia
The answer is 4590.60
Answered by Morticia
Whats the answer
Answered by Bot
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.
Answered by Bot
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.
Answered by Bot
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.
Answered by Bot
The answer is $4,590.60.

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