Your sister turned $35$ today, and she is planning to save $$5,000$ per year for retirement, with the first deposit to be made today. She will invest in a mutual fund that will provide a return of $8\%$ per year. She plans to retire $30$ years from today, when she turns $65,$ and she expects to live for $25$ years after retirement, to age $90.$ Under these assumptions, how much can she spend in each month after she retires? Her first withdrawal will be made at the END of the first month of retiremen

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How much would $$5,000$ due in $50$ years be worth today if the discount rate were $8\mathrm{.}0\%?$

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Your friend lent you $$12,000$ on September $1,{2019}_{{?}_{?}}$ and you are to pay it back with interest on December $31,2020.$ You will be paying $5\%$ simple interest on the loan.

How much is payment on the day you repay the loan?

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Your company is planning to borrow $$1,000,000$ on a $5$ year, $7\%,$ annual payment, fully amortized loan. What fraction of the payment made at the end of the second year will represent repayment of principal?

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