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Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $5,000,000 in

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Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $5,000,000 in her retirement savings account in order to live comfortably. Mary currently has no retirement savings, and her investments will earn 6% annually. How much must she deposit into her account at the end of each of the next 40 years to meet her retirement savings goal? Your Answer: Answer You found your dream house. It will cost you $250000 and you will put down $35000 as a down payment For the rest you get a 30-year 4.0% mortgage. What will be your monthly mortgage payment in S (assume no early repayment)? Your Answer: Answer Lauren knows she can afford to make monthly payments of $400 for 48 months. How much will the bank lend her today on a 3% APR car loan in exchange for her promised monthly payments? Your

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