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Question 2 Suppose that you make a deposit into a savings account at the end of every month for the next two years. This account

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Question 2 Suppose that you make a deposit into a savings account at the end of every month for the next two years. This account pays 6% compounded monthly, and at the end of the two years, you have $5,000. How much would your monthly deposit have to be? O $224.75 $196.60 O $185.52 $235.92 Question 3 You retire at age 60 and expect to live another 27 years. On the day you retire, you have $464,900 in your retirement savings account. You are conservative and expect to earn 4.5% on your money during your retirement. How much can you withdraw from your retirement savings each month if you plan to die on the day you spend your last penny? O $2.001.96 $2,092.05 $2,398.17 O $2,481.27

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