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You take out a 30 -year flxed-rate mortgage for $900,000 with an interest rate of 3.6% (APR). 1. Attempt 1/10 for 10 pts. What is

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You take out a 30 -year flxed-rate mortgage for $900,000 with an interest rate of 3.6% (APR). 1. Attempt 1/10 for 10 pts. What is the monthly payment? Consider a loan for $119,776 that is paid off in 15 yearly payments of $11,000 (at the end of each period). - A Attempt 1/10 for 10pts. What is the interest rate? You took out a mortgage for $300,000. You need to pay $2,730 every month for 15 years. - 1 Attempt 1/10 for 10 pts. What is the monthly interest rate? You just turned 25 years old and want to retire when you turn 65. You expect to withdraw $80,000 per year for 25 years during retirement, starting first withdrawal one year after your 65th birthday. You expect to earn a return of 7% on your investments every year. - H Attempt 1/10 for 10 pts. How much retirement saving do you need to have by 65 th birthday to support the withdrawals in the next 25 years? Or the same question can be asked differently, what is the present value (as of your 65 th birthday) of the withdrawals you expect to make? How much money should you save each year if you make the first deposit one year from your 25th birthday and the last one on 65 th birthday

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