The Sanchez family is determined to purchase a $305,000 home without incurring any debt. The family...
The Sanchez family is determined to purchase a $305,000 home without incurring any debt. The family plans to save $5,600 a quarter for this purpose and expects to earn 6.65 percent, compounded quarterly. How long will it be until the family can purchase a home?
Homework Answers
![→ [((1+(0.0665/4)?)] = 0.905 4687499, → 1.0166259 = 0.9054687499 +i -1.9054687499 n = log 1-9054687499 / Jog 1.016625 = 0.280](http://img.homeworklib.com/questions/d3dc3560-7487-11ea-a105-3fd9ec1e3f19.png?x-oss-process=image/resize,w_560)
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The Sanchez family is determined to purchase a $305,000 home
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41. The Alexander family is determined to purchase a $250,000 home without incurring any debt. The...
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I really do not understand this... please help with
explanations. thank you so much in advance!
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