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Q6. What is the total saving required on the day she retires to support her Goal I and Goal II ? Q7. After withdrawing the

Q6. What is the total saving required on the day she retires to support her Goal I and Goal II ?

Q7. After withdrawing the $150,000 for down payment five years later, how much is left in her account?

Q8. To achieve the three goals, how much must she save at the end of each MONTH after she purchases the house until she retires?

Q9. What is her monthly mortgage payment?

Q10. If the inflation rate is 3% each year, what is the purchasing power of $18,000 after 35 years (the time when she retires)?

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