Paul has decided to retire once he has $1,000,000 in his retirement account. At the end of each year, he will contribute $5,000 to the account, which is expected to provide an annual return of 7.0%. How many years will it take until he can retire? O 32 years O 40 years O 41 years O 43 years O 37 years Suppose Paul's friend, Cody, has the same retirement plan, saving $5,000 at the end of each year and retiring once he hits $1,000,000. However, Cody's account expected to provide an annual return of 9.5%. How much sooner can Cody retire? O 5 years O 8 years O 7 years O 4 years O 6 years After 25 years, neither Paul nor Cody will have enough money to retire, but how much more will Cody's account be worth at this time? O $289,671 $141,056 O $139,984 O $162,869 O $186,514 Paul is jealous of Cody because Cody is scheduled to retire before him, so Paul decides to make whatever end-of-year contribution is necessary to reach the $1,000,000 goal at the same time as Cody. If Paul continues to earn 7.0% annual interest, what annual contributions must he make in order to retire at the same time as Cody? O $7,751 $13,361 O $8,408 $11,695 0 $13,241