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1. You want to receive $5,000 per month in retirement. If you can earn 0.75% per month and you expect to need the income for

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1. You want to receive $5,000 per month in retirement. If you can earn 0.75% per month and you expect to need the income for 25 years, how much do you need to have in your account at retirement? 1a. You are considering buying preferred stock that pays a quarterly dividend of $1.50. If your desired return is 3% per quarter, how much would you be willing to pay? 1b. Suppose you begin saving for your retirement by depositing $2,000 per year in an IRA. If the annual interest rate is 7.5%, how much will you have in 40 years

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