1. Sarah is 25 years old and would like to start saving for retirement. She plans to retire at 65. a. If she saves $40 per month, invested at an APR of 12% compounded monthly, how much will she have when she turns 65? b. If she begins withdrawing from her savings when she turns 65, how much could she withdraw each month such that her last withdrawal takes place on her 90th birthday? c. Suppose she started saving 40 per month at 35 instead of today, how much will she have in the bank at the age of 65?

1. Sarah is 25 years old and would like to start saving for retirement. She plans to retire at 65 . a. If she saves $40 per month, invested at an APR of 12% compounded monthly, how much will she have when she turns 65 ? b. If she begins withdrawing from her savings when she turns 65 , how much could she withdraw each month such that her last withdrawal takes place on her 90th birthday? c. Suppose she started saving 40 per month at 35 instead of today, how much will she have in the bank at the age of 65