Question: 1. When you retire at 65, you wish to be able to have $3,000 each month for 25 years. How much would you have

1. When you retire at 65, you wish to be able to

1. When you retire at 65, you wish to be able to have $3,000 each month for 25 years. How much would you have to deposit into an account each month, starting when you are 23, if the account earns 7.6% compounded monthly? 2. Find the monthly payment on a $250,000 30-year mortgage at 4.8% interest compounded monthly. 3. Ms. Garcia has just invested $100,000 at 2.5% interest compounded annually. How much money will she have in 20 years?

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