Susan Ils 25 and plans to retire at 65. That's 40 years of working life. She plans to have enough retirement savings to be able to withdraw $70,000 at the end of each year for 30 years. What annuity of deposits should she make from 25 to 65, to enable the withdrawal of $70,000 from 65 to 95? Here are some time-value-of-money figures: 30 years 40 years 6% PV of annuity FV of annuity 13.765 79.058 15.046 154.762 Figures from Tables are rounded, so pick the closest response. $6,805 O $40.204 O $6,226 O $13,322 Suppose a homeowner purchased a home for $600,000, with 100% financing at 5 percent for 30 years. Payments are made yearly at the end of each year. It seems to me that the payments at the end of each year would be $39,031, or at least close to that. Some present value factors I used are: Present value of an annully periods 4% 5% 29 16.98371 15.14107 30 17.29203 15.37245 After one payment, the owner has the opportunity to refinance the principal at 4% for the remaining 29 years. How much will the new payments be when the homeowner refinances at 4% after the first payment on the original loan? O $39,030 $34,761 O $38,698 $38,444