Babs is a 67 year old retired lawyer. She has saved $2,400,000 in her retirement account. She expects to earn 4% rate of return during her retirement She expects to live until age 97 and doesn't want to leave any money behind. What is the maximum she can spend from her retirement account each year and make it until age 97? (Use a positive number and round to the nearest penny) Quagmire is a 40 year old bartender. He would like to have $2,000,000 in his retirement accounts by the time he is 67 years old. Quagmire expects to earn 8% average rate on his investments. Currently he has $100,000 saved for retirement. How much will he need to save each year to reach his goal? (Use a positive number and round to the nearest penny)