You want to retire in 45 years and have $2,500,000 available at that time; assuming your retirement fund returns 6 percent, how much do you need to deposit each year to reach your goal? Use a time value of money factor with at least four decimal places and round your final answer to the nearest whole dollar. You recently obtained a loan to purchase a $375,000 home; the loan terms require that you make a down payment of $20,000 and then make annual payments for a 30-year term at an interest rate of 4 percent. What is the total amount of interest that you will pay on the loan? Use a time value of money factor with at least four decimal places and round your final answer to the nearest whole dollar. The Carter Company purchased some equipment on April 1, 2015 for $10,000 and expects it to be useful for 3 years at which time it can be sold for $640. What amount of depreciation expense would the company record in 2018? As needed, round your final answer to the nearest whole dollar and enter as a positive number