You expect to receive $6,700 two years from today. You also expect to receive $9,100 five years from today. When you receive each of the amounts, you will immediately deposit them into an investment account that pays interest rate of 7.3 percent per year. How much do you expect to be in your investment account nine (9) years from today? $29,789 $23,034 $27,186 $25,542 You have heard about the impending retirement crisis facing the global community and you want to take action so you don't become a victim of this crisis. You have decided to start contributing a constant amount of $450 into your retirement account every month, beginning one month from today. You plan to keep making that same monthly contribution for 45 years and then you will retire. If your investments earn a rate of return of 7.74 percent, how much do you expect to be in your retirement account the day you retire? $1,928,329 $2,176,405 $1,732,840 $2,384,591 You and your twin brother are celebrating your 22nd birthday today. You both started working today. You are a finance major and wish to put your knowledge into practice, so you have decided to contribute $360 every month into your 401 K account with the first contribution taking place one month from today. Your twin brother, on the other hand, has decided to wait till he turns 30 to start contributing a constant amount of money every month into his 401 K plan. He says retirement is too far away to occupy his thoughts at this age. Both of you plan to retire the day you turn 67 years of age. Your (both you and your brother) accounts will return 9.00 percent per year. If your brother wishes to have the same amount of money as you expect to have at retirement, how much more will he need to contribute each month, than you do, when he starts contributing to his 401 K? O $672 O $392 O $518 O $740 O $433