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6. An investor saves for retirement $350 per month over the next 35 years The money is invested in the stock market and is expected
6. An investor saves for retirement $350 per month over the next 35 years The money is invested in the stock market and is expected to earn an average 10% per year. a. How much will you have in the retirement fund, on the day you plan to retire, in 35 years? b. With that retirement fund he plans to live for exactly 30 years. The money is invested in a bond fund, expected to earn 4% per year. Compute the investor equal annual retirement withdrawals.
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