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8. You have $400,000 saved for retirement. Your account earns 10% interest. How much will you be able to pull out each month, if you
8. You have $400,000 saved for retirement. Your account earns 10% interest. How much will you be able to pull out each month, if you want to be able to take withdraws for 15 years?
11. You can afford a $1050 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?
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