Assume your goal in life is to retire with 1.5 million dollars. How much would you need to save at the end of each month if you earn an average interest of 6% on your investments (compounded monthly) and you expect to have a 40 year work life Assume you only expect to be able to save a total of $1,000 per month for the next 45 years. If you expect to earn an average 6% per year compounded monthly, how much will you have accumulated at the end of that 45 year period Assume you would like to have an income of $100,000 per year for 25 years when you retire. How much would you need to have in your retirement account if you were to retire in40 years. Assume the annual rate of interest is 6% compounded monthly