Question: * * Please solve for when he needs to invest each month at 6 7 , thank you!! Not missing parts, this is all I

**Please solve for when he needs to invest each month at 67, thank you!! Not missing parts, this is all I have and others have solved it but have not given the right answer.**
This is Section 5.2 Problem 34:
Refer to Exercise #30. If John waits until he is 35 to start investing for his retirement, then he needs to invest $
each month in order to have the same amount when he retires at 67.(Round the answer to an integer at
the last step.)
Hint: Follow Example 9 but reset the perimeters.
Additional Materials
This is Section 5.2 Problem 30:
John is 28 years old and plans to retire at 67. He wants to have a fund at 67 that will let him spend $4,500 a month after
retirement, and last for 45 years. Assume a continuous money flow.
Answer the following. Round your answers (at the last step) to integers.
(a) Suppose that after his retirement John puts the money in a fund paying interest at an annual rate of 4.2%, compounded
continuously. Then John will need $
for his retirement.
(b) Suppose that John starts to invest a fixed amount each month from now until he retires, in a fund that pays interest at
an annual rate of 6.2%, compounded continuously. Then he should invest $
each month.
Hint: Follow Example 9.
Additional Materials
ebook
* * Please solve for when he needs to invest each

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