4. I would like to retire on a monthly income of $2,500. Assuming I live for 20 years after retirement, how much capital must I have on retirement to generate the above monthly income for 20 years at 6.5% annual rate? 5. What is the effective rate if the APR is 6%, assuming monthly compounding? (We will cover this next Monday). 6. What is the future value of $2,500 after 5 years at 6% interest rate with daily compounding