In an attempt to have funds fo

In an attempt to have funds for a down payment in five years, you plan to save $8475 each year for the next five years. With an interest rate on your savings of 2% APR, how much will you have in your account after five years? Your Answer: Answer Question 38 (0.5 points) You have $64,000 in your retirement account that is earning 6% per year. How many dollars in withdrawals per year would reduce this nest egg to zero in 20 years? Your Answer: Answer You are trying to decide between a 48-month loan and a 60-month car loan. If the loan is for $25,000 at 5% APR, how much more per month is the monthly payment of the shorter loan?

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