Question: A . To save for retirement you deposit $ 2 0 0 every month for 4 0 years into an account that pays 5 .

A. To save for retirement you deposit $200 every month for 40 years into an account that pays 5.2% interest. How much money will be in the account when you retire? (3pts)
B. The money from "Part A" is transferred into an account that pays 5.6%. How much money can you withdraw monthly for 28 years? (3pts)
C. How much total is deposited into the account in part A?(2pts)
D. How much total would be withdrawn from the account in part B, assuming all withdrawals are made? (2pts)
5.
You are about to purchase a car for $23.400. You have $14.400 to put down and will need to finance the rest. The dealership has two options
A 0% interest loan with monthly payments for 3 years
$1000 cash back with an interest rate of 5.9% and monthly payments for 3 years
A. Before doing any calculations, which do you think will be the better option? (2 pts)
B. Perform the necessary calculations to determine which is the better option. You must show your work to justify your choice. (4pts)
C. What have you learned from this example? (2pts)
A . To save for retirement you deposit $ 2 0 0

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