Question: 134 Quantitative Reasoning | Module 10: Homework 5. Mikhayla purchased a home for $110,000, putting $13.000 down and financing the remainder of the cost of

134 Quantitative Reasoning | Module 10: Homework 5. Mikhayla purchased a home for $110,000, putting $13.000 down and financing the remainder of the cost of the home at an APR of 4.2% (compounded monthly) for 30 years. Fll in the first four rows of the following amortization table detailing the breakdown of the payments Mikhayla makes each month. Month Payment To interest t To principal Balance Shortly after graduating from NAU, Skylar was hired as an assistant curator at a major museum in Pasadena, California. Having discussed the details of his new employer's retire- ment package with his financial planner, Skylar plans on depositing $985 each month into his retirement account, which has an APR of 2.04%. Skylar only intends to make these monthly invests until age 50, making no deposits or withdrawals thereafter until he retires at age 65. If Skylar begins investing now, at age 23, how much will he have saved when he is 65? 6
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