23 Tony Robbins' wealth strategy: save $300 per month from age 20 to age 30 (i.e. 10 years), and then you stop making any monthly deposits, and you leave the account alone until you are 65 years old (i.e. leave it alone for 35 years). Question One: If you make monthly payments of $300 for a time period of 10 years, what was the total amount you invested (not the FV, just the total amount you deposited)? Answer in $, to two decimal places i.e. Sx,xxx.xx 24 Tony Robbins' wealth strategy: save $300 per month from age 20 to age 30 (1.e. 10 years), and then you stop making any monthly deposits, and you leave the account alone until you are 65 years old (1.e. leave it alone for 35 years). Question Two: if you earn 8.000%(A), what is the value of your account at age 30. Careful: this is a black-diamond question... You have monthly deposits (cash flows) but an annual interest rate... Answer in $, to two decimal places i.e. $x,XXX.XX 25 Tony Robbins' wealth strategy: save $300 per month from age 20 to age 30 (1.e. 10 years), and then you stop making any monthly deposits, and you leave the account alone until you are 65 years old (i.e. leave it alone for 35 years). Question Three: At 65 years old, you have saved up a lot of money. Now, you're retired and want to take out a monthly annuity payment from the account, such that at age 95 the value of the account is zero. If you live to 96, you'll move in with the kids. If the account still earns 8.000%(A), what is the monthly payment you can withdraw. Answer in S, to two decimal places l.e. Sx XXX.XX