37. 5. Assume you are 22 years old. If you want to have $5,000,000 in your retirement account by age 62 and 38 can earn an average annual return of 9%, how much should you invest each month? 445 . Ex interest, how many more payments will you make to pay off the loan? 45 46 48 49 50 vears from now and the last payment is received 20 years from now? 51 52 53 54 55 56 per month for three years with a $15,000 signine bonas. Option 2 provides a $5,500 monthy salary for three 57 vears with no sigring bonus. Calculate the present value of each option using an assumed inflation rate of 58.4%. Which should you take? 59 60