QUESTION 3 0.146 p You just turned 25 and would like to start planning for retirement. Starting on your next birthday and continuing until your 65th birthday, you would like to put the same amount apart in order to have enough saved such that you can withdraw $250,000 per year for 25 years starting on your 66th birthday. If your discount rate is 6% per year, how much do you need to contribute each year to fund your retirement? QUESTION 4 0.146 pol Today is your 24nd birthday and you decide starting today and continuing every birthday that you will put the same amount into a savings account of the interest rate is 6%, how much you need to set aside each year to make sure that you will have $2.5 million in the account on your 67th birthday just after making the deposit for that year? Express you answer in dollars with two decimal places. 0.146 poin QUESTIONS Assume that your parents wanted to have $160,000 saved for college by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 8% per year on their investments. How much would they have to save each year to reach their goal? 8,888.89 3.86042 4.272.34 4,740.71 3