Erika and Kitty, who are twins, just received $20,000 each for their 22th birthdays. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her "early retirement fund on her birthday, beginning a year from today. Erika opened an account with the Safety First Bond Fund, a mutual fund that invests in high-quality bonds whose investors have earned 7% per year in the past. Kitty invested in he New ssue Bio-Tech Fund which invests in sma newly issued bio-tech stocks and whose investors have earned an average of 18% per year nte und's relative short is on a. If Erika's fund earns the same returns in the future as in the past, how old will she be when she becomes a millionaire? Round your answer to two decimal places. b. If Kitty's fund earns the same returns in the future as in the past, how old wi she be when she becomes a millionaire? Round your answer to two decimal places. c. How large would Erika's annual contributions have to be for her to become a millionaire at the same age as Kitty, assuming their expected returns are realized? Round your answer to the nearest cent. years years d. Is it rational or irrational for Erika to invest in the bond fund rather than in stocks? I. High expected returns in the market are almost always accompanied by a lot of risk. We couldn't say whether Erika is rational or irrational, just that she seems to have less tolerance for risk than II. High expected returns in the market are almost always accompanied by less risk. We couldn't say whether Erika is rational or irrational, just that she seems to have more tolerance for risk than III. High expected returns in the market are almost always accompanied by a lot of risk. We couldn't say whether Erika is rational or irrational, just that she seems to have more tolerance for risk than IV. High expected returns in the market are almost always accompanied by less risk. We couldn't say whether Erika is rational or irrational, just that she seems to have less tolerance for risk than Kitty V. High expected returns in the market are a most always accompanied by a lo o nsk we cou dnt say whetheEnka is rationa or rational ustthat she seems to have a out he same o erance Kitty does Kitty does Kitty does. does. risk than Kitty does. -Select