Design Layout References Final Emring 2021-de-Copy Mode Mailing Review View Tell me E. MODO 25 AR 1 1 13. Using Time Value to estimate Savings. DeMarcus waris to retire with St million in savings by the time he uses. He is currently 18 years old. How much wil he need to save each year, assuming he can get a 11 annual retum on his investments? wy The amount DeMarcus will need to save each year, PMT, is Cound to the newest cent) (Use your financial ate in computing your answer) 7: Calculation Although the result the calculator Polums may ari number, the amount should be stated as a positive MacBook Air G B N 14. Future Value of Annuity. Stacey would like to have $1 million available to her at retirement Her investments have an average annual return of 12%. If she makes contributions of $380 per month, will she reach her goal when she retires in 38 years? Hovewiny The amount Stacy has after 38 years would be $ (Use your financial calculator and round to the nearest cent) if she makes contributions of $300 per month, wil she reach her goal when she retires in 38 year? (Select the best answer below.) A. No 3. Yos 9: Definition Athough the result the calculator returns may be a negative number, the amount should be stated as a positive value Note that interest is compounded monthly this case