Megan turns 30 years old today. She currently has $34.000 in her account. She must make monthly deposits of $ beginning next month and ending on her 65th birthday (420 total deposits ) in order to reach her retirement goal of making monthly withdrawals of $10,000 per month beginning one month after her 65th birthday and ending on her 90th birthday at which time she wants to have $1,100,000 remaining in her account . Assume a 7 % p.a. interest rate . ) 675.04 2) 651.93 3 ) 705.23 4 662.26 5 ) 661,63

Suppose you need to have $205.000 in your savings account exactly 17 years from today, The account earns 7% p.a. To reach this goal you must deposit at least today. 1) 65,544.99 2) 61,140.31 3) 64,897.75 4) 68,063.49 5) 71,698.28