Question list 16 On her 25 th birthday, a young woman engineor decides to start saving toward builing up a retirement fund that pays 6% interest compounded monthly (the market interest rate). She feels that $1,000,000 worth of purchasing powor in today's dollars wil be ad Question 6 Question 7 (a) If she plans to save by making 480 oqual monthy doposits, what should be the amount of her monthly doposit in actual dollars? Assume the first deposit is made at the end of first month. The amount of monthiy deposit in actual dollars is { (Round to the nearest dollar) Question 8