Please answer all parts of problem :)

a)

You need to start making monthly withdrawals of $8,500 at the beginning of each month starting today, for 25 years from your personal account. This account pays 6.5% return compounded monthly, how much money do you need in your account today?

Choose the correct answer:

$1,265,691.80

$2,550,000

$1,258.872.90

1,984,310.92

2,365,124.98

b)

You just purchased a 2-bedroom condo for the list price of $287,000. You had saved 20% of purchase price that you will pay as down payment and finance the remaining with a loan of 25 years at 4.5% interest and monthly payments. What is your monthly payment on this loan?

Choose the correct answer:

$1,290.33

$1,145.78

$1,267.13

$1,276.19

$1,325.12

c) Which of the following statements is correct?

Choose the correct answer:

A perpetuity pays a fixed amount every period, forever

A perpetuity pays a fixed amount every period as long as the investor lives

A perpetuity pays a fixed amount that grows every year at a fixed rate

The future value of a perpetuity can be calculated using financial functions

It is impossible to find present value of a stream of fixed cash flows that continue forever