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salary they offer is $5000 per month. A friend who also work in Houson said that the weather and the food there is similar to

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salary they offer is $5000 per month. A friend who also work in Houson said that the weather and the food there is similar to Jakarta. Before accepting the offer you wanted to know if it is worth the trouble. Your friends gave you an approximate living cost in Houston. Here are the following cost per month you asked your friends: Rent for an apartment in Houson: $700, Grocery: $600 and other needs (inc insurance): $500. Your friend was kind enough to sell you his spare car at $20000 to be paid later in one year from now. Saving rate in Houson, US IS APR of 6% compounded monthly. Before you leave for Houson, your beloved mother gave you $3000. How much money do you have at the of 5 years? How long does it take from the time you arrived in Houson for you to have $0.5 Million in your bank account? a. $ 21658.83, 108.78 moths b. $ 21758.83, 120.78 months C. $ 181519.31, 120.78 months d. $ 197191.69, 108.78 months e $ 21758.83, 108.78 moths f. None of the Answers is correct 8 $ 181519.31, 108.78 months h. $ 197191.69.120.78 months 1 $ 21658.83, 120.78 months

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