Betsy Parker wants to buy a house in next 10 years and decides to have a SMART goal of having $40,000 as down payment. With the investment that gives interest rate of 5%, how much money she needs to set aside now

$24,556.53

Explanation:

We are to find the present value

PV = FV x (1 + r) ^-n

FV = Future value  

PV = Present value  

R = interest rate  

N = number of years  

$40,000 x(1.05)^-10 = $24,556.53

do u ahve any choices

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )