Question: Ea Homework Problems: A. You begin placing $4,000 into an Individual Retirement Account at age 23 hoping to retire at age 60. If you can

Ea Homework Problems: A. You begin placing $4,000 into an Individual

Ea Homework Problems: A. You begin placing $4,000 into an Individual Retirement Account at age 23 hoping to retire at age 60. If you can earn 8% on your investment, how much will you have at when you would like to retire? B. You have won a $500 million Lotto and are given the choice of receiving $19,230,769.23 every year for the next 26 years, or receiving one lump sum payment. If the discount rate is 4%, how much would the lump sum payment be

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