FUNDAMENTALS OF FINANCIAL MANAGEMENT QUIZ 1 Name: Student ID..... Phuong recently graduated form IU with a BA in Marketing. She is gainfully employed by MoMo - a fintech company specializing in providing e-wallet service. Phuong is 22 and plans to retire at 55-or 3 years from now. She wants to travel during her retirement and has decided to start saving now. She can save $200 per month for the next ten years, then $500 per month for the remaining 23 years. How much can Phuong withdraw each month during her retirement? Assume she will live for 20 years after retirement and withdraws all lof the money in the account. She will earn 12% interest during the saving period and 6% during retirment. Assume monthly compounding during the savings and retirement periods. FUNDAMENTALS OF FINANCIAL MANAGEMENT QUIZ 1 Name: Student ID..... Phuong recently graduated form IU with a BA in Marketing. She is gainfully employed by MoMo - a fintech company specializing in providing e-wallet service. Phuong is 22 and plans to retire at 55-or 3 years from now. She wants to travel during her retirement and has decided to start saving now. She can save $200 per month for the next ten years, then $500 per month for the remaining 23 years. How much can Phuong withdraw each month during her retirement? Assume she will live for 20 years after retirement and withdraws all lof the money in the account. She will earn 12% interest during the saving period and 6% during retirment. Assume monthly compounding during the savings and retirement periods