Aner landin9, ontolove/onal nat dou plan to work for 20 years and then relie. Ever year you invest $200 a

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Mutual funds that are expected to yield 12% return per year, on averaue. How much money it you have in the

retirement account at the end of 30 years? For simplicity, assume annual compounamo,6 pia)

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8. Your grandma invested $5,000 in a bank savings account that yields 4% annual return. If interest is

compounded monthly, what would be the "effective" rate of return on her investment? (4 pts)

F. Ater Ianding a protessional job, you plan to work for 30 years and then retire. Every year you invest $200 a nonth and your employer will match it and contribute $200 for you. You have identitied lour good-pertoming mutual funds that are expected to yield 12\% return per year, on average. How much money whil you have in the retirement account at the end of 30 years? For simplicity, assume annual compounding. (5 pts) 8. Your grandma invested $5,000 in a bank savings account that yields 4% annual return. It interest is 7. Atter landing a protessional job, you plan to work for 30 years and then retire. Every year you invest $200 a nonth and your employer will match it and contribute $200 for you. You have identitied lour good-pertoming mutual funds that are expected to yield 12% return per year, on average. How much money will you have in the retirement account at the end of 30 years? For simplicity, assume annual compounding. (5 pts) 8. Your grandma invested $5,000 in a bank savings account that yields 4% annual return. It interest is