Question 6 0.5 pts Jimmy wants to know how much his cost of living will be in 30 years, based on a 2.5% annual rate of inflation. His current cost of living is $45,000. 0 $21,453.42 0 $94,390.54 O $1,975,621.64 O $86,710.34 Question 7 0.5 pts Aaron plans to have $980,000 on the day he retires 27 years from now. If he earns 10% annual return on his investments, how much does he need to invest each month, in order to reach his goal? O $3,024.69 O $595.49 O $32,516.35 O $8,762.16 Question 8 0.5 pts Sophie wants to know how much her cost of living will be in 10 years, based on a 2.20% annual rate of inflation. His current cost of living is $75,000. O $93,233.12 O $60,332.64 O $828,778.22 O $92,496.47 Question 9 0.5 pts Alfred wants to have $1,350,000 on the day he retires 34 years from now. If he earns 7.00% annual return on his investments, how much does he need to invest each month, in order to reach his goal? 0 $8,684.32 O $3,308.82 O $809.32 O $36,013.77 Question 10 0.5 pts Katie plans to withdraw $8,000 each month from her retirement account for a 30-year period. The account earns 7% annual interest. How much does Carol need to have in the account at the beginning of her retirement, in order to allow these withdrawals? Assume monthly compounding. $22,416.90 $99,272.33 O $1,202,460.54 O $8,985.65