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Problem 13 You have until 4:40 PM to complete this assignment. Intro You just turned 24 years old and want to retire when you turn
Problem 13 You have until 4:40 PM to complete this assignment. Intro You just turned 24 years old and want to retire when you turn 61. You expect to live for 25 years after retirement and expect to withdraw $7,900 per month during retirement, starting first withdrawal one month after your 61th birthday. Your retirement account quotes a return of 4% annually. Part 1 - Attempt 1/3 for 10 pts. How much retirement money do you need to have by 61th birthday to support the withdrawal? 1496675 Correct Part 2 Attempt 2/3 for 6.7 pts. How much should you save each month if you make the first deposit one month after 24th birthday and the last one on 61th birthday? + decimals Submit
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