Karen and Mike pay $700 and $900 a year on seperate insurance. If they used same company save 10%. Whatsd the future annual savings over 10 years based on annual interest rate of 4%?

Cindy and Rick purchased a home for $145,000 and financed it with a 30-year fixed-rate loan at 6.25% annual interest. If they put a 20% down payment on the house, what would be their monthly payment for principal and interest?

Present value. Standard Insurance is developing a​ long-life insurance policy for people who outlive their retirement nest egg. The policy will pay out $200,000 on your 85th birthday. You must buy the policy on your 62nd birthday. The insurance company can earn 9​% on the purchase price of your policy. What is the minimum purchase price the insurance company should charge for this​ policy?

Your goal is to retire in 20 years.  You plan to start on this path by saving $200 a month.  If you earn 6% annually (using monthly compounding), how much will you have saved in 20 years? Right before you started saving, you were notified by your auto insurance company that you will receive a discount of $20 a month on your auto premium because of your impeccable driving record.  If you chose to put those savings towards your retirement goal each month, how much would your retirement account be worth if you save $220 a month for 20 years with an annual return of 6% (compounded monthly)? Please discuss your thoughts on the impact of saving an additional $20 a month over 20 years.