Question: PLEASE HELP! Question 10 (6.66 points) Several years ago, Bill Smith borrowed $125,000 to buy his house. He has a 15 year, monthly payment mortgage

PLEASE HELP!

Question 10 (6.66 points) Several years ago, Bill Smith borrowed $125,000 to buy his house. He has a 15 year, monthly payment mortgage with an interest rate of 8.75 percent per annum. Bill is thinking about refinancing his house so he would like to know the payoff on his current loan. Assuming that he just made payment number 78 , compute the payoff on Bill's loan. Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your Answer: Answer Question 11 (6.66 points) I plan to deposit $349 into my retirement every year for the next 25 years. The first deposit will be made today (that is, at t=0 ) and the last deposit will be made at the end of year 24 (that is, at t=24 ). I plan to make no other-deposits. Assuming that I will earn 8.96% p.a. on my retirement funds, how much money will 1 have accumulated 36 years from today (that is, at t=36 )? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your

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