Question 10 2 pts You expect to graduate with $41,207 in student loans. The interest rate on your loan is 5 percent comp

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Question 10 2 Pts You Expect To Graduate With 41 207 In Student Loans The Interest Rate On Your Loan Is 5 Percent Comp 1 (44.79 KiB) Viewed 61 times

Question 10 2 Pts You Expect To Graduate With 41 207 In Student Loans The Interest Rate On Your Loan Is 5 Percent Comp 2 (40.4 KiB) Viewed 61 times

Question 10 2 pts You expect to graduate with $41,207 in student loans. The interest rate on your loan is 5 percent compounded monthly and the loan calls for fixed monthly payments. If you repay the loan in 23 years how much are you paying in total interest over the life of the loan? (HINT: you need to calculate the monthly payment first).

Question 15 2 pts You estimate that you have thirty years to retirement and are just starting your plan. You will deposit $600 into a stock account and $450 into a bond account each month from here on out. You estimate that your annual rate of return in the stock account will be 10% and the rate on the bond account will be 5.5%. When you retire you will combine the monies from these two accounts and deposit them into more liquid accounts to use for personal expenses on a monthly basis. You expect to earn 2% annually on this account in retirement and will use these funds (and only these funds) for twenty years. If you follow this plan how much per month can you withdraw in retirement?