QUESTION 3: Jason Aldeen bought a house for $275,000. He made a down payment of 15%. The interest rate is 4.2% for 15 years. His down payment is $41,250, the monthly payment is 2,215. How much does Jason need to borrow?

QUESTION 4: Which of these actions is NOT a way to help prevent credit card fraud?

do not lend your credit cards to anyone

carry only one or two credit cards at a time

report lost or stolen credit cards after 24 hours

sign your credit card in ink as soon as you receive it

QUESTION 5: You are currently 25 years old and starting to invest for retirement at 55 years old. You are debt free and investing 15% of your income ($75,720). We are going to use the stock market average since 1929 of 12% as your Investment Rate of Return. You currently have zero dollars invested for retirement.

First, find the annual contribution amount and rate of return

• Using the annual contribution amount and rate of return from the previous question, how much is your nest egg by the age of 35?
• Using the annual contribution amount and rate of return from the previous questions, how much is your nest egg by the age of 45?
• Using the annual contribution amount and rate of return from the previous questions, how much is your nest egg by the age of 55?
• Using the annual contribution amount and rate of return from the previous questions, how much is your nest egg by the age of 70?