4. You plan on retiring in forty years and are contemplating retirement. If you invest $2,000 a year in an IRA compounded at 6% APR, how much will you have when you b. You decide you will need about $500,000 when you retire. How many years will you have to work to c. If you want to retire in 40 years and have $500,000 (ie. you want your cake and eat it too), how much d. You figure the tax law isn't going to change and the maximum annual deposit will emain $2,000. retire? accumulate the $500,000 at $2,000 per year at 6% APR? Will your annual deposits have to be at 6% APR? What interest rate will you have to earn to still have $500,000 in 40 years