Question: 1A. How much does Jerry need to put into his retirement account annually? He wants to start retirement with $755,301 in the account, the account

1A. How much does Jerry need to put into his retirement account annually? He wants to start retirement with $755,301 in the account, the account pays 8.9% interest, and he expects to retire in 39 years.

1B. How much is $3,618.63 worth in today's dollars? It is paid to you in 10 years, you have a discount rate of 7.5%.

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