Rebecca wants to retire at the age of 60 with a monthly income of $5,000. She expects to live to 90. She has no children, so she wants to exhaust her savings immediately before she dies. She expects that she can earn 6% annually on her investments. How much money should Rebecca have saved by the age of 60? Multiple Choice $863,137 $764,321 $833.958 $717,364 Refer to Question #34 above. Now assume that Rebecca wants to leave a $500,000 endowment to her Alma Mater (the University that she graduated from) upon her death at the age of 90. All other assumptions remain the same. Now how much should Rebecca have saved by her retirement date at the age of 60? Multiple Choice $836,654 5919.645 $916.979 $950,369