You want to buy a house in 4 years and expect to need $30,000 for a down payment. if you have $15,000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? a. 21.53% b. 16.67% c. 13.62% d. 18.92%

The amount you desire, 30,000 is double (2 times) the amount you have, 15,000.

If r is the annual interest rate, the annual multiplier is (1+r). After 4 years, you want the multiplier to be 2, so the relationship is

... 2 = (1+r)⁴

... r = 2^(1/4) - 1 . . . . solve for r

... r ≈ 0.1892 = 18.92% . . . . matches selection d.

You can estimate this using the "rule of 72", which says the product of interest rate and doubling time (years) is about 72. That is, the rate will be about 72/4 = 18 percent.

i'm not sure what you mean but in todays world there is a lot of women that are the bread winners in the family. there is a lot more single mothers now that are going back to get an education which is boosting the economy. i believe there has been a boost in the economy due to women the cosmetic industry is boosting, chemist, the sky is becoming the limit for women in todays economy. most women are also putting off having kids just to make sure they have a education. i don't know how these two relate though to scriptures because it's not the way the lord wanted it. the man is suppose to be the bread winner and due to social media and the easy access we have there is a lot of cheating going on.

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