month in an accoumt that poys an annual rate of The table below shows the ace at which he aturus swing and the amount saved per month. Calculate how much he will have at age 60 in rach case. Now calculate how much he should have saved each month to accumulate 5. month if he started savine at ace 35. 40 . or 50 Der By age 60 you should have eight times your annual salary in a savings (retirement) account, If you are making $ saving at age 35 at age 60 how much should you save per month if vou stant 40 or 50 ? When is the best age to start saving? Why? Q4. You borrow $2,500 at an annual rate of 3 compounded quarterly and you will pay the loan back in 6 quarterly payments. Fill in the chart. First find the amount of the payment each period. Note the payment per period = interest for the period + portion to principal What happens to the interest for the period as a percentage of the payment per period during the repayment period? How much interest do you pay in total: month in an accoumt that poys an annual rate of The table below shows the ace at which he aturus swing and the amount saved per month. Calculate how much he will have at age 60 in rach case. Now calculate how much he should have saved each month to accumulate 5. month if he started savine at ace 35. 40 . or 50 Der By age 60 you should have eight times your annual salary in a savings (retirement) account, If you are making $ saving at age 35 at age 60 how much should you save per month if vou stant 40 or 50 ? When is the best age to start saving? Why? Q4. You borrow $2,500 at an annual rate of 3 compounded quarterly and you will pay the loan back in 6 quarterly payments. Fill in the chart. First find the amount of the payment each period. Note the payment per period = interest for the period + portion to principal What happens to the interest for the period as a percentage of the payment per period during the repayment period? How much interest do you pay in total