Question: Problem is You plan to deposit $2,000 per year for 6 years .nto a money market eccount with an annual return of a. What amount
Problem is You plan to deposit $2,000 per year for 6 years .nto a money market eccount with an annual return of a. What amount will be in your account at the end of 6 years? Round your answer to the nearest cent. Do not round intermediate calculations 6. You plan to make your first deposit one year from today. b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Round your answer to the nearest cent.Do not round intermediate caloulations Problem 2: You and your wife are making plans for retirement You plan on living 25 years after you retire and would lke to have $85,000 annually on which to live. Your Erst withdrawal what amount do you need in your retirement account the day you retire, Round you" answer to the nearest cent. Do not round intermediste calculations. b. Assume that your first will be made the day you retire. Under this assumption, what amount do you now need in your retrement account the day you retire? Round your answer to the
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