A state lotto has a prize that pays $1,200 each week for 40 years. Find the total value of the prize. If the state can earn 9% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments?

Melissa is purchasing a $160,000 home and her bank is offering her a 30-year mortgage at a 4.9% interest rate. in order to lower her monthly payment, melissa will make a 20% down payment and will purchase 3 points. what will her monthly mortgage payment be? a. $645.98 b. $650.46 c. $662.93 d. $606.69