Your newly retired parents will be able to withdraw $145,000 per year for each of the next 25 years. Each withdrawal will be made at the beginning of the year. How much money do your parents have in their account now (earning 8.5% annually) to be able to finance this retirement? $1.711,970 O $1.483.958 O $1.592,530 O $1.610,094 O $3,346,337 Suppose you plan to invest $400 at the end of each month for the next 5 years, and $600 at the end of each month during the following 5 years (years 6 through 10). If you earn 12% on your investments, how much will you have at the end of the tenth year? $54,992 O $81,670 O $79,518 $102,703 $108,349