. Question 3 Scenarios: One: You invest $400 a month for 30 years at a 0.5% monthly interest rate (nominal rate of 6%). Two: Instead of getting a constant 0.5% monthly interest rate, what happens to your investment if the rate increases to 0.75% per month after 10 years? Three: Based on scenario one, at the end of 30 years, you decided to only withdraw the interest being earned monthly and retain the investment (corpus) for your heirs. Four: Based on scenario one, at the end of 30 years, you decided to withdraw all the money over 20 years (monthly withdrawals) leaving nothing for your heirs. Five: You want to live on an income of $120,000 a year (three times what you will make upon graduation based on an approximate inflation rate of 2.5%) ($10,000 a month) upon retirement in 30 years. Your assignment: Scenarios One and Two: How much money do you have at the end of 30 years? Scenarios Three and Four: How much can you withdraw monthly? What are the pros and cons of both withdrawal plans? Scenario Five: What is an investment plan to allow you to have that level of income. Look at all possible reasonable routes to that outcome. How do these scenarios impact your retirement investment thinking? . . Question 3 Scenarios: One: You invest $400 a month for 30 years at a 0.5% monthly interest rate (nominal rate of 6%). Two: Instead of getting a constant 0.5% monthly interest rate, what happens to your investment if the rate increases to 0.75% per month after 10 years? Three: Based on scenario one, at the end of 30 years, you decided to only withdraw the interest being earned monthly and retain the investment (corpus) for your heirs. Four: Based on scenario one, at the end of 30 years, you decided to withdraw all the money over 20 years (monthly withdrawals) leaving nothing for your heirs. Five: You want to live on an income of $120,000 a year (three times what you will make upon graduation based on an approximate inflation rate of 2.5%) ($10,000 a month) upon retirement in 30 years. Your assignment: Scenarios One and Two: How much money do you have at the end of 30 years? Scenarios Three and Four: How much can you withdraw monthly? What are the pros and cons of both withdrawal plans? Scenario Five: What is an investment plan to allow you to have that level of income. Look at all possible reasonable routes to that outcome. How do these scenarios impact your retirement investment thinking