It is also important to note trat your net or take-home pay (after hxes) is less than yorn gross pay

(before tanes). Assuming that your net pay is 739o of your gross pay, what minimum gross annual salary will you need to make to have the monthly net salry stated above? Show your work for making this calculation.
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tu1 (ob ,1

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t?[t;q

o.Q tJ=$ L4b 1tbo,l,

Maimum gross mnual salsry

:$ 4hHh,lz-

Part II: Selline the House l,efs zupeo*e ntat ate" living in the house for l0 years, you wmt to sell. The economy t ! " experienes ups and downs, but in general the value of real estde incteases over tirae. To calcutate thevalue of m inveshcnt nrch as real eshtg we use continuously coupouuded ,i

interest.

f
radre

Find the value of thc homc l0 yeas after purchase assuming a continuous intenest Use the full purchae price as the principal. Show your work.
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of

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zo

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-fet

lZ

Value of home

l0

years after purchase

$ 1oo,qbb."If',