Nabil is considering buying a house while he is at university. The house costs $200000 today. Renting out part of the house and living in the rest over his five years at school will net, after expenses, $1500 per month. He estimates that he will sell the house after five years for $214000. If Nabil's MARR is 6 percent compounded monthly, should he buy the house? Use present worth.

On Juan's twenty-sixth birthday, he invested $7,500 in a retirement account. Each year thereafter, he deposited 8 percent more than the previous deposit. The account paid annual compound interest of 5 percent. If Juan decided to wait 8 years before investing for retirement, how much would he have to invest at Round entry that time to have the same account balance on his sixtieth birthday? $ to the nearest dollar.

You have a bank deposit now worth ​$4500.How long will it take for your deposit to be worth more than ​$8600 if: The account pays 6 percent actual interest every​ half-year and is compounded every​ half-year?

Use annunal worth !!!