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D Question 4 1 pts You plan to buy a house in 36 months. The cost of the house at that time will be $355,000.
D Question 4 1 pts You plan to buy a house in 36 months. The cost of the house at that time will be $355,000. How much do you have to invest each month, starting next month, for 30 months to exactly pay for the house if your investments earn 3.00% APR (compounded monthly)? O $10.808 O $11,577 O $11,634 O $11.240 Question 5 1 pts You would like to vacation in Hawaii for one week each year. You can buy a time share for a vacation home in Hawaii for $20,000 today and a maintenance fee of $550 per year starting next year. You expect to sell the time share in 10 years for $15,000 Alternatively you can just pay for the week vacation each year (starting next year). Each year will cost you $1,500. If your investments earn 5% per year (compounded annually) which alternative is cheaper and by how much in present value terms
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