Rick has decided to retire once he has $2,000,000 in his retirement account. At the end of each year, he will contribute $8,000 to the account, which is expected to provide an annual return of 8.5%. How many years will it take until he can retire? 40 years 34 years 38 years 41 years 37 years Suppose Rick's friend, Nathan, has the same retirement plan, saving $8,000 at the end of each year and retiring once he hits $2,000,000. However, Nathan's account is expected to provide an annual return of 10.1%. How much sooner can Nathan retire? 5 years 4 years 8 years 7 years 6 years After 25 years, neither Rick nor Nathan will have enough money to retire, but how much more will Nathan's account be worth at this time? $169, 363 $109, 283 $289, 671 $141, 056 $186, 514 Rick is jealous of Nathan because Nathan is scheduled to retire before him, so Rick decides to make whatever end-of-year contribution is necessary to reach the $2,000,000 goal at the same time as Nathan. If Rick continues to earn 8.5% annual interest, what annual contributions must he make in order to retire at the same time as Nathan? $16, 452 $11, 320 $9, 873 $8, 789 $7, 751