Question 5 3 pts How much total interest will you pay if you borrow $175,000 for 30 years (monthly payments) at 8% annual interest? O 287,271.00 O 319,001.00 O 212,877.00 O 462,271.00 Question 6 3 pts Compare the following two loans. Loan 1: $175,000, 8% annual interest, 30 years (monthly PMTS) Loan 2: $175,000, 7% annual interest, 15 years (monthly PMTs) How much more total interest do you pay on the 30 year loan vs. the 15 year loan? O 100,002.00 O 287,271.00 O 108,130.00 O 179,140.00 Question 9 3 pts You want to retire on the equivalent of $50,000 per year in today's money. Inflation is expected to be 3%. You will retire in 30 years. You will earn 10% annually on your investments from not till retirement and you will earn 8% during retirement (which is expected to last 20 years). How much do you need to save per month in order fund this retirement? O 634.00 per month O 952.00 per month O 527.00 per month O 1,118.00 per month Question 10 3 pts You want to retire in 30 years and be able to withdraw the equivalent of $90,000 per year (in today's dollars) from a retirement fund. Assume 3% inflation. You plan to be retired for 20 years. Assuming you can earn 12% on your investments before retirement and 7% on your investments during retirement, how much will you need to save per month in order to be able to fund this retirement? O 811.00 O 751.00 O 662.00 O 838.00