Cost of refinancing their house

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Reference no: EM131837414

1. If the cost of refinancing their house is ?$6,070 how long would Doug and Lynn have to remain in their home in order to recover the? cost, based on annual savings of ?$1,316 the would need to remain in the house for ( ) years

2. Cheryl wants to have ?$2,800 in spending money to take on a trip to Disney World in three years. How much must she deposit now in a savings account that pays 22?% to have the money she needs in three? years?

To have ?$2,800 in three? years, Cheryl would need to deposit ($)

Reference no: EM131837414

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