please answer both

A Question 16 (1 point) Retake question Listen Walter Mellon plans to retire when he is 65. He wants an annual income of $70,000 per year. He believes that he will live for 26 years after he retires and will draw the money at the end of each year (for 26 years). How much money will he need when he retires in order to support his $70,000 annual lifestyle if he will average 12 percent per year on his retirement account? Enter your answer rounded to 2 decimal places, ex. 45,635,81, no dollar sign Your Answer: Answer A Question 18 (1 point) Retake question Listen You estimate you will need $180,000 for your child's college education in 12 years. How much would you need to put into an investment account at the end of each year if you assume you can earn 9% on your investment annually? Enter your answer rounded to 2 decimal places, ex. 45,635,81, no dollar sign. Your