Question: Problem 13 You have until 1:31 PM to complete this assignment. Intro You just turned 23 years old and want to retire when you turn

Problem 13 You have until 1:31 PM to complete this assignment. Intro You just turned 23 years old and want to retire when

Problem 13 You have until 1:31 PM to complete this assignment. Intro You just turned 23 years old and want to retire when you turn 61. You expect to live for 25 years after retirement and expect to withdraw $8,800 per month during retirement, starting first withdrawal one month after your 61th birthday. Your retirement account quotes a return of 5% annually. Part 1 | Attempt 2/3 for 6.7 pts. How much retirement money do you need to have by 61th birthday to support the withdrawal? 1505328 Correct Part 2 Attempt 1/3 for 10 pts. How much should you save each month if you make the first deposit one month after 23th birthday and the last one on 61th birthday? | + decimals Submit

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