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Author Question: Momin plans to buy a house on cash instead of paying mortgage. He targets spending $400 000 on his ... (Read 139 times)

vHAUNG6011

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on: Jun 6, 2019
Momin plans to buy a house on cash instead of paying mortgage. He targets spending $400 000 on his dream house. He plans to set aside $1200 every month to reach his target. He puts his savings in a Tax Free Savings Account (TFSA) and invests them in a high risk mutual fund, which has traditionally earned 12.2% annually. How long will it take Momin to reach his target?
◦ 24 years 9 months
◦ 12 years 6 months
◦ 27 years 10 months
◦ 15 years 3 months
◦ 13 years 9 months
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by vHAUNG6011 on Jun 6, 2019

wfdfwc23

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vHAUNG6011

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Reply #2 on: Jun 6, 2019
Thank you!


wfdfwc23

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Reply #3 on: Jun 6, 2019
Always glad to help...


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