You are trying to choose between two investments: A - Invest $2,400 per year for 10 years, earning an 8% annual rate of interest. OR, B - Invest $200 per month for 10 years, earning 8% annual rate of interest. Which of the following is most correct? A. There is no way to tell which investment has the higher future value. B. Investment A has the higher future value. C. Investment B has the higher future value. D. Investments A and B have identical future values. Assume that you will retire in 30 years. You plan to be retired for a total of 30 years. You wish to withdraw the equivalent of $50,000 per year (in TODAY'S dollars) from your retirement fund each year that you are retired (ASSUME that there will NOT be any adjustments for inflation DURING your retirement - You will withdraw the same dollar amount every year that you are retired). The expected inflation rate for the next 30 years is 3%. You can earn 10% on your investments prior to retirement and you plan to earn 7% on your investments during retirement. How much do you need to invest each month (beginning right now) in order to be able to afford to retire? A. $919 B. $454 C. $666 D. $877 Your goal is to have $2,000,000. You have a total of $40,000 today. You invest the $40,000 and want to add to it each month. At 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now? A. $266 B. $534 C. $612 D. $153