You borrow $150,000 for 30 years at an annual rate of 3.60%.. What would be your fixed MONTHLY loan payment?
For an 30-year fixed payment loan for $150,000 at an annual interest rate of 3.60%, what percent of your first MONTHLY payment would apply to interest?
A financial planner recommends that you have accumulated $1.5 million by the time that you retire in 30 years. If you can earn an annual rate of return of 4%, how much must you invest for each of the next 30 years in order to achieve this goal?