Juan plans on saving $$8000$ each year starting at age $25$ each year through age $65(40$ years$).$ If

he earns a "gross" $8\%$ on his savings each year, how much money will he have at retirement if

his account expense ratio is:

a$.0\mathrm{.}50\%(5$ points$)$

b$.$ or $0\mathrm{.}05\%?(5$ points$)$

Sabrina waits to start saving for retirement until age $35.$ If she saves the same $$8000$ each year

beginning at age $35,$ and receives a "net" $7\mathrm{.}00\%$ annualized return, how much money would she

accumulate by age $65?(10$ points$)$

Juanita inherits $$10,000$ and invests it for $30$ years at a "net" $9\%$ return. How much money will

she have at the end of the period? $(5$ points$)$