Question: Sandra deposited $605 each month into her retirement, starting her senior year at NYU. She diversified her portfolio, so the interest rate averaged to a fixed rate of 9.75%. If she was 20 when she started and continued through to age 68, determine how much interest accumulated to her account

Question:Patel saved $89 per month into her TIAA retirement account for 30 years at a fixed interest rate of 4.89%. Once she retired, she told TIAA to distribute payments from her account to her in equal amounts over the next 25 years, assuming a fixed interest rate of 4.02%. How much would TIAA send Patel monthly in order to satisfy her request?