1. You invest $2,091.00at the beginning of every year and your friend invests$2,091.00at the end of every year.If you both earn an annual rate of return of3.82% , how much more money will you have after 40years?
2. You currently have$1,921.00in a retirement Savings account that earns an annual return of11.16% .You want to retire in39.0years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?
3. You would like to retire in35.0years.The expected rate of inflation is2.37%per year.You currently have a standard of living that requires$7,971.00of monthly expenses.Assuming you want to maintain the Same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement?