Assume that you will retire in 25 years. You plan to be retired for a total of 25 years. You wish to withdraw the equivalent of $50,000 per year (in TODAY's dollars) from your retirement fund each year that you are retired (ASSUME that there will NOT be any adjustments for inflation DURING your retirement--You will withdraw the same dollar amount every year that you are retired). The expected inflation rate for the next 25 years is 3%. You can earn 10% on your investments prior to retirement and you plan to earn 7% on your investments during retirement. How much do you need to invest each month (beginning right now) in order to be able to afford to retire? Question 28 options:

A) $919.00

B) $652.00

C) $400.00

D) $788.80

You have a home loan of $150,000. The interest rate is 5.5% and the loan is for 30 years, with monthly payments. If you make a ONE TIME extra principle payment of $10,000 in period number 18, how much do you SAVE in total interest paid over the life of the loan? Question 30 options:

A) $61,008.00

B) $32,614.00

C) $10,000.00

D) $44,322.00