Does anyone know the answer to ALL FIVE of these questions? I answered some answered some and wanted to see if they are right? Thanks alot

1. The beneficiary of a life insurance policy is responsible for making the premium payments. True or False.....I put false

2.You are 20 years old. You plan to work until you are 80 years old. When you turn 80 you will retire. You expect to live until an age of 95. You have forecasted that you will need $50,000 a year in income for your retirement.

Your current salary is $45,000 per year. You expect your salary to grow by 4% per year.

You will save 5% of your gross income each year.

You will invest your savings in risk free treasury notes that are expected to yield 3% each year.

Based on the information in this question you will have accumulated enough wealth to finance your retirement. TRUE OR FALSE?

3. If you buy a life insurance policy that insures your life for $1,000,000 you are the Insured. TRUE OR FALSE....I PUT TRUE

4.You are 20 years old. You plan to work until you are 80 years old. When you turn 80 you will retire. You expect to live until an age of 95. You have forecasted that you will need $50,000 a year in income for your retirement.

Your current salary is $45,000 per year. You expect your salary to grow by 0% per year.

You will save 5% of your gross income each year.

You will invest your savings in risk free treasury notes that are expected to yield 3% each year.

Based on this information you will have accumulated enough wealth to finance your retirement TRUE OR FALSE?

5.. You earn $5,000 a month. After taxes, social security contributions, and living expenses you have $200 per month that you can and will save. What is the future value of $200 saved every month for 30 years if the annual rate is of return is 12%. We are looking for the value of your savings 30 years from the time you stated saving.

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