Question 1 > 0/1 pt 599 Details You have $500,000 saved for retirement. Your account earns 10% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years? Question Help: Video Submit Question ||| O r Question 2 > 0/3 pts 599 Details You want to be able to withdraw $30,000 each year for 15 years. Your account earns 4% interest. a) How much do you need in your account at the beginning? b) How much total money will you pull out of the account? c) How much of that money is interest? Question Help: Video Submit Question Question 3 0/1 pt 599 Details > A state lotto has a prize that pays $2,000 each week for 15 years. Find the total value of the prize: $ If the state can earn 6% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments? Reminder: There are 52 weeks in a year. Submit Question ||| r Question 1 > 0/3 pts 599 Details You can afford a $900 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest? Question Help: Video 1 Video 2 Submit Question ||| Question 2 0/1 pt 599 Details < > You want to buy a $24,000 car. The company is offering a 5% interest rate for 60 months (5 years). What will your monthly payments be? Question Help: Video 1 Video 2 Submit Question Question 3 0/3 pts 599 Details > You want to buy a $221,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 5%? c) What will your monthly payments be if the interest rate is 6%? Question Help: Video Submit Question ||| O Question 4 0/1 pt 599 Details You have $5,000 on a credit card that charges a 21% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? Question Help: Video Submit Question ||| each month Question 5 > 0/1 pt 599 Details You are considering taking out a loan of $7,000.00 that will be paid back over 8 years with every 2 months payments of $175.53. If the interest rate is 4.7% compounded every 2 months, what would the unpaid balance be immediately after the eighth payment? The unpaid balance would be $ (Round to 2 decimal places.) Submit Question ||| O