joseph has determined he needs to have 10,000,000 for retirement in 30 years. His account earns 3% interest.

a. How much would he need to deposit in the account each month?

b. How much total money will he put into the account?

c. How much total interest will he earn?

How much money will you need to have at retirement so that you can withdraw 3,000,000 a year for 10 years from an account earning 4% compounded annually?

a. How much do you need in your account at the beginning?

b. How much total money will you pull out of the account?

c. How much of that money is interest?