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Question 11 (0.2 points) Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need
Question 11 (0.2 points) Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $3,000,000 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 Hide hint for Question 11 Use the annuity due formula. Question 12 (0.2 points) 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 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)? Your
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