.

2.

Please provide clear answers with easily understandable intermediate steps. DO NOT use Excel! Here are the correct answers: 1. PV = 148219 . 2. Monthly deposit = 1431,21 .

Suppose you will retire 10 years from now and by then you want to have 200.000 in a bank account that pays 2% (APR) with monthly compounding. How much would you have to deposit today to attain this goal? (1 point) Consider that instead of a single deposit you opted to deposit every month a constant amount, starting one month from today, until your retirement (same rate and compounding frequency as in the previous question, and a total of 120 deposits). What would have to be the monthly deposit