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Midterm Saved 19 Problem 5-57 Spreadsheet Problem (LG5-2, LG5-9) 2.5 Consider a person who begins contributing to a retirement plan at age 25 and contributes

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Midterm Saved 19 Problem 5-57 Spreadsheet Problem (LG5-2, LG5-9) 2.5 Consider a person who begins contributing to a retirement plan at age 25 and contributes for 40 years until retirement at age 65. For points the first ten years, she contributes $3,700 per year. She increases the contribution rate to $5,700 per year in years 11 through 20. This is followed by increases to $10,700 per year in years 21 through 30 and to $15,700 per year for the last ten years. This money earns a return of 10 percent. +Book First compute the value of the retirement plan when she turns age 65. (Round your answer to 2 decimal places.) Value Print References Compute the annual payment she would receive over the next 40 years if the wealth was converted to an annuity payment at 9 percent. (Round your answer to 2 decimal places.) Annual payment

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