6) 12 Points. You want to have money to retire. You will start by investing $1,800 a month for the next 37 years and expect to earn an annual rate of return of 7.85 %. How much will you have if you invest your money at the beginning of each month? 7) 10 Points. As a recent graduate of WCU, you have been asked to donate to a scholarship fund for future students. The fund will provide $28,700 per year in scholarships forever. The scholarship fund earns an annual return of 4.00%. How much money does WCU need to raise now to do this?

beginnine of wach menth? 7) 10 points. As a recent graduate of WCu, rou have been asked to donate to a uholankip fund for future stidents. The fund will provide $28,700 per year in scholarships forever, The uholanklip fund earns an arnual retum of 4.00K. How much money does WCu need to raise now to do this