Chapter 6, Review Exercises, Question 027 Saving for a House Mr. and Mrs. Corey are newlyweds and want to purchase a home, but they need a down payment of $50,000. If they want to buy their home in 2 years, how much should they save each month in their savings account that pays Round your answer to two decimal places 9% per annum compounded monthly? Chapter 6, Section 6.3, Question 043 saving for Repairs In May 2010 fund. If the sinking fund is to generate million dollars overyears in an account that pays the school district deposit into the account each quarter? Round your answer to two decimal places Bath Community Schools asked voters to approve the renewal of a building and site capital projects sinking 1370 compounded quarterly, how much should Chapter 6, Section 6.3, Question 037b Managing a Condo The Crown Colony Condo Association is required by law to set aside funds to replace its roof. The current cost to replace the roof is $150,000 and it will need to be replaced in 20 years. The cost of a roof is expected to increase at the rate of 5% per year. If the Condo invests in Treasuries yielding Round your answer to two decimal places. paid semiannually, what semiannual payment is required to have enough funds to replace the roof in 20 years