Annual Returns Business Assignement Help
Having a place you call home is a dream of most people, however, there is much which is demands you get the home you desire. Much will be incurred and therefore you will need an expert to help you deal with the finances. The experts should have a business background since students taking the subject are equipped with different skills which are helpful in their careers and daily lives. However, the subject is a hard stone to break for many learners. Get business assignment help from us. The question below is an example of a commonly asked question
Anishka is planning to buy his first home worth of $800,000 in 5 years. He has the option of putting 5% of the $800,000 down and paying the rest with a 30-year, 2.91% APR loan.
Anishka has an option to invest her monthly savings in a mutual fund that offers an average annual return of 5%, compounded monthly. How much should Anishka invest every month for the next fiver years to have enough money to pay for the following in 5 years?
– Down payment: 5% of $800,000
– The first 6 months of the mortgage payment
– Homeowner’s insurance: $213
– Mortgage insurance: $475
– Property taxes: $998
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