Question 7 4 pts Suppose that you just turned 25, plan to retire at 65, and estimate that you will need $8,242 per month at the end of each month upon retirement for the next 30 years. How much do you need to contribute at the end of each month until you reach age 60? Assume your estimated return is 9.8% EAR, that you have $10,000 already invested, and the funds will continue to earn interest to age 65, even though you will not continue contributing after age 60. 4 pts Question 8 Suppose you want to buy a $477,532 home. You can put $90,000 down and can finance at 4.1% APR Monthly for 30 years, but can only afford to pay $1,178, for the first five years, and have offered to make a balloon payment of $100,000 at the end of thirty years (your 360th payment). How much will your remaining payments be? (Assume all payments will be made at the end of each month, and that negative amortization is permitted.)