Q5 Cindy wants $2.5 million for her retirement at age 65. Cindy is 25 years old today and plans to deposit equal amounts each year starting on her 26 birthday and ending with her 65h birthday. If her investments earn 6% per year, how much must each deposit be (rounded to the nearest dollar)? A) $3,477 B) $15,147 c) $16,154 D) $56,614 A certificate of deposit that pays 9.8% compounded monthly is better than a similar certificate of deposit that pays 10% compounded only once per year. A) True B) False