Just need 10.

9. Alex is working on his retirement plan. He plans to retire with $1,000,000 in 20 years. If he can earn a 12% return on his investments each year, how much does he need to save each month?

a. 854.8 b. 915.2 c. 986.2 d. 1010.86

10. I hope you can apply what you have learned in class to your real life. Similar to question 9, work on your own retirement plan and complete the following question.

Suppose you want to retire with $_______________ in _____ years.

If you can earn a ______ return on your investments each year, you need to save _____________ each month.