Using a financial calculator solve these and show work through the buttons in the order you need to press them (Ex. NPV=25, I/Y=16 etc)

Q. Currently Nathan deposits $300 at the end of each month into an IRA and his company will match 40% of

his deposit amount. He will retire in 45 years. Assuming his account will earn 8.5% interest rate (APR),

how much he can withdraw monthly after his retirement after-tax basis? (Assume he will live for another 25

years after retirement, his average tax rate will be 20%, and his deposit amount will remain constant).

Q. The Purple Pillow is a bed-and-breakfast. This establishment spent $238,700 to refurbish an old mansion

and create the current facility. They borrowed 70 percent of the refurbishment cost at 9 percent interest for

15 years. What is the amount of each monthly payment?

Q. Mary and Peter are birthday buddy and just turned 42. Today, Mary told Peter that she started her

retirement saving exactly twenty years ago, $200 a month. Peter did not prepare his retirement at all

and decided to start his first saving today. Both plan to retire their 67

th

birthday. Since Mary started

20 years earlier than Peter and both have 25 years to save in the future before their retirement, Peter

decided to deposit three times more than Mary per month to catch up. Assume both accounts earn

9.5% per year. Please find who will have how much more when they retire?

Mary will not change her retirement saving amount. To have equal amount as Marys retirement

account at age 67, how much Peter should deposit monthly?