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Intro You just turned 21 years old and want to retire when you turn 60. You expect to live for 25 years after retirement and
Intro You just turned 21 years old and want to retire when you turn 60. You expect to live for 25 years after retirement and expect to withdraw $8,500 per month during retirement, starting first withdrawal one month after your 60th birthday. Your retirement account quotes a return of 6% annually. Part 1 - Attempt 1/3 for 10 pts. How much retirement money do you need to have by 60th birthday to support the withdrawal? 0+ decimals Submit Part 2 Attempt 1/3 for 10 pts. How much should you save each month if you make the first deposit one month after 21th birthday and the last one on 60th birthday? 0+ decimals Submit
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