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af the manth. a) How moch money hive you accumulated to vour fiseh binthilay? You turn 22 years old todiy. With graduation approaching, you decide

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af the manth. a) How moch money hive you accumulated to vour fiseh binthilay? You turn 22 years old todiy. With graduation approaching, you decide to besgin investing for your retirement, You plan to retire at 65 with $2,000,000 dollars. You have found an investment which returns 10% per year which you will use to accumulate your wealth. You begin to save $250 per month, starting at the end of the month. a) How much money have you accumulated by your 65th birthday? b) Beginning one month after your 65th birthday, you wil withdraw a fixed amount from your investment account in order to fund your Nifestyfe. You expect to live until 85 years old, You would also like to leave $1,750,000MM to your heirs. How much money can you withelraw from your inwestment account each month? (Hint: if you make use of the apmi function to solve this problem, enter any present value as negative and future value as positive.)

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