Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support her retirement. If the account earns an interest rate of 7.5%, which amount comes closest to the value of the deposits at the end? $412,094 $230,590 $135,000 $145,125 $394,767

A couple borrows $200,000 for a mortgage that requires fixed monthly payments over 30 consecutive years. The first monthly payment is due in one month. If the interest rate on the mortgage is 8%, which of the following comes closest to the monthly payments? $1,468 $1,765 $1,881 $6,666 $1,333

Which comes closest to the present value of $1,000 payments received at the end of each year for the next 25 years, beginning at the end of year 1, if the interest rate is 3.625%? $25,906 $25,000 $16,260 $7,069 $7,093