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Currently, Ally Gator has $9,000 in her Roth IRA. If Ally plans on contributing $5000 annually for next 35 years and her IRA earns 7%

Currently, Ally Gator has $9,000 in her Roth IRA. If Ally plans on contributing $5000 annually for next 35 years and her IRA earns 7% annually, what will her IRA be worth?

$68,508

$472,305

$540,813

$787,293

Ella Funt is planning on buying a $160,000 home and putting 20% down. She will finance the remainder with a 4%, 15 year mortgage through her lender. What will the total interest cost be for Ellas 15 year mortgage?

$54,204

$42,428

$37,458

$34,166

Billie Goat sat down and figured out that her total liabilities equaled $120,000 and her total assets equaled $200,000. What is Billies Solvency Ratio?

60%

40%

67%

33%

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