Module #6 Hand - In Assignment 1. An article on saving for retirement estimates that a 35 year old will need 1.2 million to retire at age 65. a. How much money should you deposit today to reach that goal if your investments will return 8% compounded semi-annually. b. You currently have only $80,000 in your retirement savings plan what semi-annual rate of return do you need to reach your retirement goal? (assume same return as a) c. You estimate you can achieve an annual rate of return of 10% effective. How old will you be when you retire if you have $80,000 now? 2. Premium Canada savings bonds have the following rates (all effective) Year 1 2.45% Year 2 2.8% Year 3 3% Year 4 3.5% Year 5 5% a. How much would a $1000.00 investment be worth at the end of the fifth year? h What suarase effective rate was earned