answer all or none :)

You are 30 and you want to retire when you are 70 with an income of $100,000 per year for 20 years after retirement. You expect to earn an average rate of return on your savings of 7.5%. What is the total amount you must save by age 70 to achieve your goal? Hint: Draw a timeline for this problem. Assume ordinary annuity conditions. O $1,185,548.40 $548,622 $352,025 O $1,019,449.14 Question 4 1 pts Calculate the portion of the first monthly payment that will pay down the principal of the loan on your condo given the following data: Length of mortgage: 30 years APR: 6.5% Loan amount: $57,500 $51.98 $311.46 $51.70 $363.44