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You would like to to take some time off work to travel. Each month you would like to spend $2,500 for a total of 10

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You would like to to take some time off work to travel. Each month you would like to spend $2,500 for a total of 10 months. How much must you set aside today if you will need your first payment in 25 months? The interest rate is j12=9% Your Answer: Answer Question 16 (1 point) You would like to retire in 15 years. Starting in 15 years you will receive your first of 294 monthly payments of $2,000. You will pay for your retirement by making monthly deposits for 15 years starting today. Find the size of these deposits if your funds will earn J12 =12% Your Answer: Answer Question 17 (1 point) How much interest did you earn in the previous

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