QUESTION 2: (a) Ms. Jones thinks that she can save $600 per month from her salary and invest in her pension fund (assume end of the month payments). She expects to work for 30 years and expects to earn 10.8 percent per year on her investment. How much would she have accumulated in her pension at the time of retirement. (Use monthly compounding to solve the problem) (b) Ms. Jones expects to live for 25 years after retirement and thinks that she can invest her pension fund at 8% per year. Calculate the amount she can withdraw each month (assume end of the month payment) from her pension fund during her retirement years. (Assume that she would not have any money left in her pension fund at the end of 25 years) (Use monthly compounding to solve the problem)

Please use excel to solve