Question: Listen Min has decided that she would like to spend $31,200 per year in retirement. If she expects to be retired for 30 years, and

Listen Min has decided that she would like to spend $31,200 per year in retirement. If she expects to be retired for 30 years, and her investments will continue to earn 6.8% in retirement, how much does she have to have accumulated before she can retire? For this problem, keep all your time units in months. Question 1 options: 502,491.11 398,802.47 538,383.33 522,431.23 Question 2 (2 points) Listen Adrian has $120,000 currently saved for retirement. If she starts saving an additional $390 per month and her account earns 13.4% per year on average and she needs $520,000 in order to retire, how many years will it take before she can retire? Question 2 options: 6.5076 7.656 6.5076 9.57 Question 3 (3 points) Listen Carl has decided that he would like to spend $81,000 per year in retirement. If he is eligible to receive $41,000 per year from Social Security, he expects to be retired for 35 years, and his investments will continue to earn 9.6% in retirement, how much does he have to have accumulated before he can retire? Question 3 options: 554758.4224 401998.8568 458278.6967 245219.3026 Question 4 (3 points) Janus retires at age 69 with $1,162,000 in her retirement account. If her acccount continues to earn an average of 2.4% each year, and she expects to live until she is 88 years old, how much can she withdraw from her retirement account each month? Question 4 options: 6351.50619 5716.355571 4700.11458 8638.048418

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