1.) The life expectancy table estimates that Luke will live to be 90 years old, and he plans to work until his 70th birthday. In retirement he will need $4500 a month for 20 years. His current investment pays 4.52% interest compounded monthly. How much must he have (Present Value) on his day of retirement at age 70?

2.) 1. Find the maturity value if you deposit $6500 monthly for 10 years in an annuity paying 4.58% compounded monthly