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 to answer questions 7-9 below. Use the Saving for Retirement information above to answer this question. If your monthly payments are $103, how much will you have in your retirement fund after 40 years? $ . Round to the nearest dollar. Use the Saving for Retirement information above to answer this question. Suppose you want to use this fund to buy a $262,000 houseboat when you retire in 40 years. How much do you need to deposit each month in order to achieve this goal? $ . Round to the nearest dollar. 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 $382,000. How many months will you need to make payments before you can retire? months. Round to the nearest month