Question: D Question 1 5 pts You are saving for retirement. To live comfortably, you decide that you will need $2.5 million dollars by the

D Question 1 5 pts You are saving for retirement. To live comfortably, you decide that you will need $2.5 million dollars by the

D Question 1 5 pts You are saving for retirement. To live comfortably, you decide that you will need $2.5 million dollars by the time you are 65. If today is your 30th birthday, and you decide, starting from your 31st birthday and on every birthday up to and including your 65th birthday, that you will deposit the same amount into your savings account. Assuming the interest rate is 5%, the amount that you must set aside each year on your birthday is closest to: 54,198 29,389 27,679 26,738 D Question 2 5 pts Your credit card has a current balance of $2,000. The interest rate is 2% per month. If you will pay off $180 at the end of each month for the next 12 months, what will your balance be a year later? -98 98 122 O-122

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