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Q3) 10 marks Mike and Emily each have invested $95.000 in an investment account. No other contributions will be made to their investment account. Both

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Q3) 10 marks Mike and Emily each have invested $95.000 in an investment account. No other contributions will be made to their investment account. Both have the same goal; they each want their account to reach $2,000,000 at which time each will retire. Mike has his money invested in risk free securities with an expected monthly return of 0.75%. Emily has her money invested in a stock fund with an expected semi- annual return of 5.50%. How many years after Emily retires will Mike retire

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