8. Jim and Jane just married and want to purchase a house. They have $80,000 for a down payment and want to purchase a $380,000 house. If they borrow the balance for 15 years at 5.5%, how much are their monthly payments? 9. You are currently 25 years old and would like to have $2,000,000 in a retirement account when you retire at age 60 . If you are able to consistently earn 6% on your money, how much do you need to save each month to achieve your goal