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Question 1 10 pts 1. You graduate from UNCC and begin saving $6000 a year in a ROTH IRA at an expected annual return of

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Question 1 10 pts 1. You graduate from UNCC and begin saving $6000 a year in a ROTH IRA at an expected annual return of 7.96% (average return of the S&P500: 1957-2018). compounded annually, how much will you have saved in 50 years (which is the approximate time to retirement age in 2070)? Please answer with two decimal places with positive values only. Question 2 10 pts 2. You graduate from UNCC and want to retire in 40 years. With the investment skills you have acquired in school, you believe you can earn an average annual return of 9.85%, compounded monthly. After adjusting for inflation, you believe that 3 million dollars in 40 years will provide enough passive income to retire indefinitely. How much should you save each month to retire in 40 years with an expected annual return of 9.85%? Please answer with two decimal places with positive values only. MacBook Air

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