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34. (6 points) Gordon and Lisa estimate that they will need $1,525,000 in 40 years for their retirement years. If they can eam 7 percent

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34. (6 points) Gordon and Lisa estimate that they will need $1,525,000 in 40 years for their retirement years. If they can eam 7 percent annually on their funds, how much do they need to save annually? a. $2,748 b. $3,627 c. $4,513 d. $5,135 e. $7,639 35. (6 points) Mandy and Michael Tombs are retiring soon. Their projected month Social Security benefits are $900 and $2,100, respectively. Assuming they are married and they select the best benefit alternative for them, how much will they receive monthly? a. \$ $900 b. $2,100 c. $3,000 d. $3,150 e. $4,200

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