Question: 4. John is 25 years old right now. He needs $650,000 at age of 65 to retire comfortably. If his mutual fund account can generate

4. John is 25 years old right now. He needs $650,000 at age of 65 to retire comfortably. If his mutual fund account can generate an average annual rate of return of 7%, how much money he needs to put in right now? 5. Bank Certificate of Deposit (CD) gives you 3% interests, how much money will you have in 20 years when you deposit $7500 today? 6. John deposits $1000 into company Raw IRA each month (another type of retirement tool) that could earn 5% average each year. How much will her account be worth at the end of the 20-year period

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