11. You have $500,000 saved for retirement. Your account earns 6% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years? 12. You can afford a $700 per month mortgage payment. You've found a 30 year loan at 5% 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? 13. Marie can afford a $250 per month car payment. She's found a 5 year loan at 7% interest. a. How expensive of a car can she afford? b. How much total money will she pay the loan company? c. How much of that money is interest? 14. You want to buy a $25,000 car. The company is offering a 2% interest rate for 48 months (4 years). What will your monthly payments be? 15. You want to buy a $200,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest a. How much is the loan amount going to be? b. What will your monthly payments be if the interest rate is 5%? c. What will your monthly payments be if the interest rate is 6%? 16. Emile bought a car for $24,000 three years ago. The loan had a 5 year term at 3% interest rate, making monthly payments. How much does he still owe on the car? 17. A friend bought a house 15 years ago, taking out a $120,000 mortgage at 6% for 30 years, making monthly payments. How much does she still owe on the mortgage