Question: Need 6 & 7. te 3, 004.30 Now it's time to kick back!!! 6. Congratulations! You prepared for your retirement. You deposit $300 every month

Need 6 & 7. Need 6 & 7. te 3, 004.30 Now it's time to kick

te 3, 004.30 Now it's time to kick back!!! 6. Congratulations! You prepared for your retirement. You deposit $300 every month for 40 years into a retirement annuity that pays 4.7% interest compounded monthly. How much money will be in the account when you retire? 7. The money saved from the above problem is transferred into an account that pays 2% interest compounded monthly. How much money can you receive monthly for 26 years? You lived a good and financially responsible life! Well done

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