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savings plan back on track. a. What was the original annual rate of return needed to reach Prof. ME's goal when he started the fund

image text in transcribed savings plan back on track. a. What was the original annual rate of return needed to reach Prof. ME's goal when he started the fund 3 years ago? necessary monthly deposits. How large of a monthly deposit must Prof. ME make into this new fund to meet his $400,000 goal? next 7 years into a fund consisting of 50 percent stock and 50 percent bonds, and hope for the best. What APR would the fund have to earn for Prof. ME to reach his $400,000 goal? \% (Round to two decimal places.) : (Round to two decimal places.) must he make into this new fund to meet his $400,000 goal in 7 years? $ (Round to the nearest cent.) have to earn for Prof. ME to reach his $400,000 goal? % (Round to two decimal places.)

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