2. Assume that you want to retire in 40 years. You decided to invest $4,000 per year for 35 years starting five years from now and you can achieve an annual return of 9% compounded quarterly. How much will you have accumulated for retirement in 35 years? 3. You have sat down to do some retirement planning and concluded that, in order. to live the retirement lifestyle that you desire, you will need $1.2 million in 40 years. If you can start saving now instead of 5 years from now) how much will you need to contribute monthly if you can invest your money at an average APR of 9% compounded semi-annually in order to achieve your savings goal in 40 years? 4. Assume that you receive an income tax refund of $1,400. Given your current situation what is the best thing that you could do with this refund? (Think about your financial situation and what we discussed in class to determine what would be the best thing for you to do with this money)