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Very Easy Finance Question. Please Answer all parts Question 1 (1 point) Listen You plan to withdraw $790 a month for the next 30 years
Very Easy Finance Question. Please Answer all parts
Question 1 (1 point) Listen You plan to withdraw $790 a month for the next 30 years from an account that yields 0.4% every month. How much do you need to have in that account so that you can start withdrawing next month and so that at the end of the 30 years you will completely exhaust the funds? Your Answer: Answer Question 2 (1 point) Listen You plan on depositing $490 every month for the next 25 years in an account that pays a 0.8% interest every month. How much money will you have after the planned 25 years? Assume the account starts with a balance of $0. Your Answer: Question 5 (1 point) Listen everything else constant, which of the following will NOT result in a reduction in total interest paid in a loan? OA) increase the frequency of payments B) increase the amount of each payment C) decrease the amount borrowed D) increase the lenght of the loan
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