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4. (10 Points) An individual wishes to accumulate $1000,000 in 20 years. If 240 end of month nnually, deposits are made into an account that

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4. (10 Points) An individual wishes to accumulate $1000,000 in 20 years. If 240 end of month nnually, deposits are made into an account that pays interest at the rate of 6% what size deposit is needed to meet the above objective? compounded a (10 Points) Roberta makes 10 equal annual deposits of 2000 in an investment fund and then makes no additional deposits. If she withdraws all money in the fund 15 years after the final deposit is made, how much will she be to withdraw if the pays 8% interest compounded annually? 5

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