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Saving for Retirement You decide to make monthly payments into a retirement fund earning 4.75% compounded monthly. Note: Payments are made at the end of

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Saving for Retirement You decide to make monthly payments into a retirement fund earning 4.75% compounded monthly. Note: Payments are made at the end of each period. Use this information for the questions below. Question 1 33.33 pts Use the Saving for Retirement information above to answer this question. Suppose you want to use this fund to buy a $277,000 housebeat when you retire in 40 years. How much do you need to deposit each month in order to achieve this goul? flound to the nearest dollar. Question 2 33.33 pts Use the Saving for Retirement information above to answer this question. You decide to deposit $290 each month into the retirement fund, and retire when you can afford to buy your dream boat, which costs $355,000. How many months will you need to make payments before you can retire? ponths, Found to the nearest month. Question 3 33.33pts Use the Saving for Retirement information above to answer this question. If your monthly payments are $158, how much will you have in your retirement fund after 40 years? Round to the nearest dollar

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