I am in need of assistance confirming the following questions. I have provided the following answers. If possible, please provide step by step process (financial Calculator) that you used to get the answer.

I am in need of assistance confirming the following questions. I have provided the following answers. If possible, please provide step by step process (financial calculator) that you used to get the answer If Art wants $1,000,000 in 30 years. He has $85,000 currently saved and wants to know how much he should invest at the beginning of each month if he can earn 8.8% on his investment? $26,756 $26,561 $101.58 $102.32 None of the above You win the lottery and are given the option of receiving $250,000 now or an annuity of $25,000 at the end of each year for 30 years. Which of the following is correct? You cannot choose between the two without first computing future values. You will always choose the lump sum regardless of interest rates. You will choose the lump sum payment if the interest rate is 7%. You will always choose the annuity. Comparing the future values of the two options will lead to the same decision as comparing present values. Marge and Homer Simpson bought a home, in 2006 for $325,000. They put down 20%. The mortgage was for 30 years with an interest rate of 5.5%. Next month is the 5 year anniversary of owning the home and they already paid this month's mortgage payment. Their house is now worth $243,750. What is their monthly payment? $1,845 $1,556 $1,476 $1,703 Continuing from the previous problem, what is the remaining balance of the home with 25 years left to pay? $250,956 $240,397 $233, 547 $260, 225 None of the above Mary and Jane are domestic partners. They would like to save to adopt a baby. They estimate it will cost $15,000 a year for 18 years. They have $35,000 saved today. They are conservative in risk and traditionally have been able to get 5% net return on their money with inflation being 3%. What is the future value of the cost of them having a child without paying for college? $351,216 $337,754 $506,217 $271,196