Suppose that you want to have $500,000 as a retirement nest egg in 30 years, and you plan to make equal monthly deposits to achieve your goal. If you are able to earn 6% (annually) on your savings, how much do your monthly deposits have to be?

Question 1 options:

	$497.75
	$527.04
	$1,388.89
	$6,324.46
	None of the above.

Suppose that you have $250 taken out of your paycheck each month to put towards your retirement account. If you are able to earn 6% annually on your investment, how much will be in your account when you retire in 35 years?

Question 2 options:

In 2022, Josh Allen signed with the Bills for a reported $127M contract (structured as follows):

Signing bonus: $3.3M (2023); $3.3M (2024); $3.3M (2025)

Salary: $27.5M (2023); $23.5M (2024); $14M (2025); $22.5M (2026); $14M (2027); $15.6M (2028)

What's the true value of the contract in 2022 if the annual interest rate is 6%?

Question 3 options:

	$87,503,932
	$89,529,989
	$106,715,028
	$109,707,246
	None of the above.

You just graduated college and payment on your school loans is going to begin. You borrowed $40,000 for a 10-year term with a 6% annual interest rate, and you will be making monthly payments. Using this information, create an amortization table to answer Questions 4 and 5

What is the monthly payment?

Question 4 options:

	$244.08
	$252.89
	$444.08
	$452.89
	None of the above.

At the end of your first year of payments, what is the total interest paid thus far?

Question 5 options:

	$2,318.10
	$3,010.89
	$5,328.98
	$5,434.68
	None of the above.