ch 14 4

Oivia Stephens, a 3t-year-old personal loan officer at Third National Bank, understands the importance of starting early when it comes to saving for etirement. She has designated \$2,000 per year for her retirement fund and assumes she'll retire at age 65 . a. How much will she have if she invests in CDs and similar money market instruments that earn 4 percent on average? Round your answer to the nearest dollaf 3 b. How much wili she have if instead she invests in equities and earns \& percent on average? Round your answer to the nearest doliar. 5 c. Oivia is urging her friend, Hrian Sryder, to start his pian right away because he's 45 . What. would his nest egg amount to if he invested in the same manner as Oliva and he, too, retires at age 65? Round your answer to the nearest dollar. Nesteggamountat4%Neste9gamountat8%55 The inpot in the box below will not be graded, but may be reviewed and considered by your instructor