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Happy Family plans to buy a house in four years. Experts in this area have estimated that the cost of real estate will increase at
"Happy Family" plans to buy a house in four years. Experts in this area have estimated that the cost of real estate will increase at a rate of 7% per year during that period. This family can make investments that give them a 12% return. If the economic predictions are valid, a. How much will they have to pay for a house that now costs $ 150,000? b How much will they have to deposit monthly so that after those four years they can buy it?
a. How much will they have to pay for a house that now costs $ 150,000?
b How much will they have to deposit monthly so that after those four years they can buy it?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
