D Your Uncle Bob (age 42) is unsure when he will retire and asks for your help in deciding whether to retire in 20 years when he reaches age 62, or delay retirement until age 67 so that he can continue to invest for 25 years. He currently has no money invested for his retirement. He knows that you are taking a course in Finance and asks for your help in his retirement planning. When he begins his retirement, he wants to plan ahead so that he can receive $48,000 a year for 30 years, if he retires at age 62, or $54,000 a year for 25 years if he retires at age 67. How much does he have to accumulate in his retirement account at age 62 in order to provide the desired income of $48.000 for 30 years?, ASSUME that a 30 year annuity can be purchased when he turns 62 which earns a 3.5% guaranteed rate of return? How much money is required in his retirement account, if he retires at age 62 in order to provide his desired retirement income? What is the Monthly Investment needed by your Uncle Bob to retire at age 62, if the annual rate of return is 7%. How much money is required in his retirement account, if he retires at age 67? if the annual rate of return is 3.5% for a 25 year annuity.. What is the Amount of Investment needed by your uncle Bob if he delays to age 67? if the annual rate of return is 7%