1 Point Question 14 D 6.4.2 You plan on retiring and want to have 1609437 in your account at the time of retirement. You plan on saving 2838 per month and can earn an interest rate of 0.5% per month. How long do you need to save to reach to your target. Enter the answer with no signs ($%+.etc.) or text! Add your answer 1 Point I Question 15 6.5 Your insurance agent is trying to sell you an annuity that costs $200,000 today. By buying this annuity, your agent promises that you will receive payments of $1,500 per month for the next 30 years. What is the monthly rate of interest on this investment? 0.686% B 0.75% 0.22% 0.67% Save and Close 6.1 You just won the grand prize in a national writing contest! As your prize, you will receive $673 per month for 7 years. If you can earn 15 percent per year (15/12 percent per month) on your money, what is this prize worth to you today? Enter the answer with no signs (5 % +, etc.) or text! D Add your answer 1 Point Question 12 6.2 What is the future value of $767 per year, for 10 years, at 12 percent interest per year? Enter the answer with no signs ($ % + -, etc.) or text! Add your answer 1 Point Question 13 6.3 Alexa plans on saving 8160 per year and expects to earn an annual rate of 10 percent. How much will she have in her account at the end of 33 years? Enter the answer with no signs ($ % + ., etc.) or text! Save and Close