Question: D Question 5 1 pts David has been calculating his retirement savings needs and determines he has $250,000 of assets set aside in today's dollars

D Question 5 1 pts David has been calculating his retirement savings needs and determines he has $250,000 of assets set aside in today's dollars to fund a total retirement savings need of $800,000 15 years from now. How much more does he need to save, assuming a 7% annual after-tax rate of return throughout this period? (Round to the nearest dollar.) $550,000 O $110.242 $289,957 $689,758 Question 6 1 pts Caitlin has determined she has a future value of retirement savings need of $1,157,140. If she retires in 16 years and achieves an 8% after-tax annual return on her investments, what amount of level end-of-year annual deposit is required to fund this need? $23,878 $20,285 $35,332 $38,159
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