Question: answer both please Question Completion Status: QUESTION 20 points Road Runner is trying to save for retirement. He would like to have enough saved to

answer both please
answer both please Question Completion Status: QUESTION 20 points Road Runner is

Question Completion Status: QUESTION 20 points Road Runner is trying to save for retirement. He would like to have enough saved to provide him with $75,000 in income per year for 25 years a 25-year ordinary annuity). If his Investments during retirement will earn 5.5 percent annually, how much must he have in his retirement account to accomplish his goal? (Hint: Assume he will spend all of the principal balance over the 25 years of retirement and that payments happen at the end of each year, so that the retirement fund is an ordinary annuity.) $1,006,044 95 53,836,444. 11 O $1,875,000.00 O There is not enough information to answer this question QUESTION 27 1 points Save Ant Hippety Hopper has 30 years until he retires and his retirement account currently is worth 5100,000. If he makes annual contributions into his retirement account (earning 6.0 percent), how large must these contributions be so that the balance in this fund is $1.917.503 when he retires? $138 039 61 O $16.989.43 O $31,519 22 @ $24.254 33 Question Completion Status: QUESTION 20 points Road Runner is trying to save for retirement. He would like to have enough saved to provide him with $75,000 in income per year for 25 years a 25-year ordinary annuity). If his Investments during retirement will earn 5.5 percent annually, how much must he have in his retirement account to accomplish his goal? (Hint: Assume he will spend all of the principal balance over the 25 years of retirement and that payments happen at the end of each year, so that the retirement fund is an ordinary annuity.) $1,006,044 95 53,836,444. 11 O $1,875,000.00 O There is not enough information to answer this question QUESTION 27 1 points Save Ant Hippety Hopper has 30 years until he retires and his retirement account currently is worth 5100,000. If he makes annual contributions into his retirement account (earning 6.0 percent), how large must these contributions be so that the balance in this fund is $1.917.503 when he retires? $138 039 61 O $16.989.43 O $31,519 22 @ $24.254 33

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