you live in the mobile home for four years, but your roommate also pays you $3,000 a year, paid to you at the beginning of each year. The cost of the mobile home is $15,000, paid immediately. At the...


you live in the mobile home for four years, but your roommate also pays you $3,000 a year, paid to you at the beginning of each year.  The cost of the mobile home is $15,000, paid immediately.  At the end of four years, you can sell the mobile home for $9,000.  You have no maintenance on the home because you were such a smart manager.




Using Future Value, what is the cost of your college housing, assuming the 8% interest rate?




Jun 04, 2022
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