Your client is 20 years old, and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $10,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 15% in the future. She will retire at age 65. She expects to live for 25 years after she retires at 65. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement? $168,480 $18,000 $5,387,693 $5,546,172 A rookie quarterback is negotiating his first NFL contract. His opportunity cost is 8%. He has been offered three possible 4-year contracts. Payments are guaranteed, and they would be made at the end of each year. Terms of each contract are as follows: Year 21 3 Contract A Contract B $1,200,000 $1,250,000 $1,250,000 $1,000,000 $500,000 $750,000 $750,000 $3,000,000 $1,500,000 $1,500,000 $750,000 $750,000 Contract C As his adviser, which contract would you recommend that he accept? Contract A Contract B Contract c Pick any contract