My age is 27 years and 11 months

THIS DISCUSSION BOARD RE MMINS ACIVE From 8/79 to 9/4 Each student should answer question 1A, 1B, and 1.C. Answers to these questions are related to your actual age. Simplify your age to the month. You can assume your age, year and month that has not been chosen by other students). Af for example your age is 20 years 1 month and 19 daye, use 20 years and 2 months If your age is 34 years and one month and 3 days, use 34 years and one month, in other words, bring your age to closest manth (Or any assume age with months). IMPORTANT NOTE: When answering a question, copy the whole question (Don' write 1. a, so that when other students see your answer, they can relate the answer to the question). 1. Assume you drink one coffee per day, 5 days a week. Assume coffee price is $400. That makes it $20 per week and $30 per month. Assume you can invest $60 per month in the stock market and assume you can eam 1% per month on your stock inveatment of 12% per year A. At your retirement, when you ate 67 years old, how much you will have in your retirement account if you switch from coffee drinking to investing in the stock market? B. Assume that when you get to 67 (retirement age) you switch your funds from stock market investment to bond market investment Assume you can earn 6% on your bond investment You decide to wathdraw a constant amount each year for the next 20 years when you get to retirement age of 67 . How much will be your annual withdrawal from age 68 to 88 (Nothing left at 88) if you switch your coffee drinking to stock and bond investments C. Given your age (Or assumed age), and assume average stock market return is 10% per year, how much per month you should save (In IRA or IRA type, tax defer accounts) in order to accumulate $1,000,000.00 when you get to 67 tetirement age