# Saving Plan Assignment | Homework For You

A 30-year old wants to make a saving plan to meet the following three goals: §

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

First Goal: To save \$150,000 in 5 years for the down payment to purchase a house, which is estimated to be \$600,000. At that time, she will borrow the rest by taking a 30-year fixed rate mortgage at an APR of 5.5% for the house purchase. §

Second Goal: To retire in 35 years, that is, when she is 65. By that time the money she saves during the 35 years, is able to generate \$18,000 each month for 20 years of retirement living. Assume she will withdraw the \$18,000 at the beginning of each month. § Third Goal: To leave \$1,000,000 to her children, which is expected to occur at the end of her 20-year retirement life. She thinks she can save \$3000 at the end of each month in the following 5 years. Then she will need to withdraw \$150,000 from her account for the down payment to buy a house. After then, she will continue saving \$X dollars each month while paying the monthly mortgage payment until she retires at the age 65. She will pay off the mortgage loan when she retires. Assume she can earn 10% EAR before she retires and 6.5% EAR on her money after she retires.

Question: To achieve the three goals, how much must she save at the end of each MONTH after she purchases the house until she retires?Get Finance homework help today

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
Thank you
Customer 453993, March 21st, 2020
Thank you for following all instructions. Good piece
Customer 463337, March 1st, 2023
Good work.
Customer 462275, June 5th, 2022
Good
Customer 463473, November 1st, 2022
Transportation & Logistics
The revisions needed were done in time. The paper was informative
Customer 463473, October 31st, 2022
Human Resources Management (HRM)
Good job.
Customer 462499, June 11th, 2022
Good
Customer 453413, April 19th, 2020
Social Work and Human Services
Thank you for the revision which was done timely and efficiently!
Customer 452703, January 23rd, 2020
Computer science
Paper was extremely because support team did not read my request, causing it to be extremely late. I should receive at some type of refund because that one is not on me...
Customer 452515, April 19th, 2020
Entertainment & Gaming
Commendable.
Customer 452441, April 29th, 2022
Public Relations (PR)
They did a good Job, with minor mistake, however will use again
Customer 452621, February 9th, 2020
Good work.
Customer 463053, June 20th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend