Question: please help solve 3-4 using financial calc or formulas not excell thank you! 3. You want to be a millionaire when you retire in 40
3. You want to be a millionaire when you retire in 40 years. How much do you have to save each month if you can earn a 10 percent annual return? How much do you have to save if you wait 10 years before you begin your deposits? 20 years? 4. You've just joined the investment banking firm of Dewey, Cheatum and Howe. They've offered you two different salary arrangements. You can have $75,000 per year for the next two years, or you can have $64,000 per year for the next two years, along with a $20,000 signing bonus today. The bonus. is paid immediately, and the salary is paid at the end of each year. If the interest rate is 10 percent compounded monthly, which do you prefer
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