1.If the cost of refinancing their house is $6,070 how long would Doug and Lynn have to remain in their home in order to recover the cost, based on annual savings of

$1,316

the would need to remain in the house for ( ) years

2. Cheryl wants to have $2,800 in spending money to take on a trip to Disney World in three years. How much must she deposit now in a savings account that pays

22% to have the money she needs in three years?

To have $2,800 in three years, Cheryl would need to deposit ($ )