Suppose Deb and Rusty decided to rent an apartment instead of buying a house. Create a column that keeps track of the amount they will spend in rent every year for the next 20 years. Assume the rent is now $1000 a month and will increase by 3% each year.

Find the interest Thomas has started working, and he will be putting $100 aside, at the end of every month, to purchase a TV. Thomas needs exactly $1,255 to purchase a new TV in one year. The investment he is looking for should have how much interest? $0 $100 ? 12 Principal Present Value: Value of the money she invested today Payment: how much will paid per month Interest Rate Annual Rate ?9.72 (monthly 0.81) Periods Number of times interest is calculated $1,255 Value of Investment $1,255 Future Value

John and Rosamond want to retire in 6 years and can save $190 every three months. They plan to deposit the money at the end of each quarter into an account paying 6.48% compounded quarterly. How much will they have at the end of 6 years?

1. Seth and Ann are looking at four different homes. They created a spreadsheet to estimate escrow calculations more easily. They will pay the property tax and homeowner's insurance each month with their mortgage payment. The bank will hold these two amounts in escrow until those bills need to be paid, which is every six months. Each line represents data for a different home they are looking at. Calculate their monthly escrow payment for these four houses. Monthly Annual Semi-Annual Monthly Escrow Payment Mortgage Property Homeowner's Таx Insurance 2,134 6,390 750 2, 456 7,543 700 2, 857 8,765 800 2,256 8,950 650