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will upvote correct answer, please do the three parts! Saving for Retirement You decide to make manthly paryments into a retirement fund earning 4.75% compounded
will upvote correct answer, please do the three parts!
Saving for Retirement You decide to make manthly paryments into a retirement fund earning 4.75% compounded monthly. Nate: 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. If your monthly payments are $113, how much will you have in your retirement fund after 40 years? Round to the nearest dallar. Question 2 33.33 pts Use the Saving for Retirement information above to answer this question. You decide to deposit $230 exch month into the retirement fund, and retire when you can afford to buy your dream boat, which casts $397,000. How marry months will you need to make payments before you cin retire? monthe. Round to the nesirest month. Question 3 33.33pts Use the Saving for Retirement information above to answer this question. Suppose you want to use this fund to buy a $370,000 housebost 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 dallarStep by Step Solution
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