Question: Problem 49 Intro In order to save for your retirement, you want to save $10,000 every year for 20 years, starting one year from now.

Problem 49 Intro In order to save for your retirement, you want to save $10,000 every year for 20 years, starting one year from now. The annual interest rate on your savings account is 2%. Attempt 1 /10 for 8 pts. Part 1 How much money will you have in your account in 20 years? No decimals Submit Intro You just turned 23 years old and want to retire when you turn 65. You expect to live for 25 years after retirement and want to withdraw $60,000 per year in retirement, starting on your 65th birthday. You expect to earn a return of 4% on your investments every year. 11 Attempt 3/10 for 10 pts. Part 1 What is the present value (as of your 65th birthday) of the withdrawals you expect to make? No decimals Submt Part 2 How much money should you save each year if you make the first deposit now and the last one one year before you turn 65? 8 -Attempt 2/10 for 10 pts. No decimals

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