QUESTION 7 Jasmine has dooded that she wants to build enough retirement weath that, if invested at 6 percent per year, will provide her with $3,000 of monthly income for 30 years. To date, she has saved nothing but she still has 25 years until she retres. Jasmine believes that she can eam 6 percent on her investments until she retires How much money does she need to contribute per month to reach her goa O $863.49 $616 27 O $722.05 O $512.93 QUESTION 8 Loan amortization schedules show both the principal balance and interest pad per period O the interest paid per period only O the present value of the payments due O the prinopal balance paid per period only QUESTION 9 Present Value of an Annuity What is the present value of a 3000 guy paybent over 8 years it interest rates are 11 percent $3,087 67 O $3322 23 $138272 5260 361