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Quantitative Problem 1: You plan to deposit $1,800 per vear for 5 years into a money market account with an annual return of 3%. You

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Quantitative Problem 1: You plan to deposit $1,800 per vear for 5 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today. Do not round intermedate calculations, Round your answers to the nearest cent: a. What amount will be in your account at the end of 5 years? s. b. Assume that your deposits will begin today. What amount will be in your account after 5 years? Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $100,000 annually on which to Iive. Your first withdrawal wil be made one year after you retire and you anticipate that your retirement account will earn 10%, annualy, Do not round intermed ate calculations. Round your answers to the nearest cent. a. What amount do you need in your retirement account the day you retire? $ b. Assume that your first withdrawal will be made the day you retire. Under this assumption, what amount do you now need in your retirement account the day you redire? s

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