I got the correct answers but I want to know the process in detail. Thanks! Question 1 6.25 out of 6.

I got the correct answers but I want to know the process in detail. Thanks!Question 1

• 6.25 out of 6.25 points
• Selected Answer:A.  ,  
• Answers:A.  ,  
• B. 
• C. 
• D. Low, Low

• 6 out of 6 points
• You must decide between $25,000 in cash today or $30,000 in cash to be received two years from now. If you can earn 8 percent interest on your investments, which is the better deal?
• Selected Answer: $30,000 in two years
• Answers: $30,000 in two years
• $25,000 today
• Either options are Okay

• 0 out of 8 points
• You believe that you will need 31,240 dollars a year for 5 years in retirement. If you are 30 today, how much must you save each year to meet your retirement goal if you plan to retire at 65? (Assume a 12 percent annual interest rate and that your 1st deposit will be 1 year from now and that your 1st withdrawal will be 36 years from today)Selected Answer: 397
• Correct Answer: 260.88 ± 5

• 3.25 out of 3.25 points
• In loan amortization , interest payments and principal payments have inverse relationship 
• Selected Answer: True
• Answers: True
• False

• 0 out of 6.25 points
• You take out a car loan for 12,645 dollars. If your loan has an annual interest rate of 7.99 percent, and you will make monthly payments for 5 years, how much of your first payment will go towards principal (go towards paying down the outstanding loan balance)?Selected Answer: 256.33
• Correct Answer: 172.14 ± 3%

• 6 out of 6 points
• Selected Answer:C. 
• Answers:A. 
• B. Both 
• C. 
• D. Neither

• 6.25 out of 6.25 points
• Selected Answer: 
• Answers: