1. You want to be able to withdraw $25,000 each year for 25 years. Your account earns 5% interest.

a) How much do you need in your account at the beginning?

$_________

b) How much total money will you pull out of the account? $____________

c) How much of that money is interest?

$_______________

2. You want to buy a $22,000 car. The company is offering a 5% interest rate for 48 months (4 years). What will your monthly payments be?

$___________

3. You can afford a $900 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How big of a loan can you afford? $______ b) How much total money will you pay the loan company? $______ c) How much of that money is interest?

$__________

PLEASE HELP IM STRUGGLING WITH THESE QUESTIONS PLEASE. im having a hard time in this class please help thank you