1. Since you are already trying to set aside $500 every month for retirement, how much money will you have in 20 years if you found a savings annuity that will offer 4.1% compounded monthly? (Show what you put into your calculator) After 20 years of paying $500 a month, you decided to roll-over the amount into a new retirement account. You will pay $1000 a month into this new account which pays 7% interest compounded monthly. How much in total will you have after another 20 years? (Show what you put into your calculator)