Amount you have in the account at age 69: $ 429558.77 Show your calculations or paste/upload a scan/picture of your work in the editor below. Edit Insert - Formats B IV x x A E3E13 do 2m- IMG_9571.JPG b. If you are going to live off this account after you retire, making monthly withdrawals, for another 17 years, how much can you with draw each month, assuming the account continues under the same compounding terms, 5.25 % compounded quarterly? This is a two-step calculation. Amount you could withdraw quarterly: $ Amount you will be able to withdraw monthly: $ Show your calculations or paste/upload a scan/picture of your work in the editor below. Edit Insert Formats BIU X A- A EEEE@ C. E EU Question Help: Message instructor 2 ty MacBook Air At age 25, you decide to start your retirement account, and put $700 at the end of each quarter into an account paying 5.25 % compounded quarterly. At age 57, you stop making payments into the account (opting instead to buy a midlife crisis sports car). The account continues to pay 5.25% compounded quarterly. a. You decide the retire at age 69, and use this account to help fund your retirement. What is the accoun worth at this point? This is a two step calculation. Amount you have in the account at age 57: $ 229719.07 Amount you have in the account at age 69: $ 429558.77 Show your calculations or paste/upload a scan/picture of your work in the editor below. Edit - Insert Formats B 1 9 x x A" EEEE13 e o 2 - IMG_9571.JPG b. If you are going to live off this account after you retire, making monthly withdrawals, for another 17 years, how much can you with draw each month, assuming the account continues under the same compounding terms, 5.25% compounded quarterly? This is a two-step calculation, Amount you could withdraw quarterly: $ Amount you will be able to withdraw monthly: $ 433897 Show your calculations or paste/upload a scan/picture of your work in the editor below. Edit Insert - Formats BIV 3 a tv MacBook Air