Q3: Kate wants to deposit a lump sum into a stock for her retirement. She estimated that she will need $500,000 when she retires 20 years from now. Her first withdrawal will be at the end of her rst year of retirement, and she will continue to make annual withdrawals for a total of 15 years. Assume her investments produce returns of 4% per year. Question 8 6 pts What type of cash flow is this? 0 [Regular] equal payment series 0 Gradient series 0 Shifted series 0 Geometric series 0 Irregular series Question 9 7 pts How much she can withdraw each year for 15 years after her retirement? Round to the nearest dollar. Question 10 7 pts How much would Kate need to deposit today to ensure she could support her retirement needs? Question 11 6 pts If Kate decides to wait three years after her retirement and then start her withdrawals, she would need to deposit ________ today as compared to the plan described in the Question 3-d. 0 More 0 Less 0 The same amount 0