Question: Quantitative Problem 1: You plan to deposit $2,300 per year for 4 years into a money market account with an annual return of 3%. You
Quantitative Problem 1: You plan to deposit $2,300 per year for 4 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today a. What amount will be in your account at the end of 4 years? Round your answer to the nearest cent. Do not round intermediate calculations b. Assume that your deposits will begin today. What amount will be in your eccount after 4 years? Round your answer to the mearest cent. De not round intermediate Quantitative Problem 2: You and your wife are making pliana for retirement. You plan on living 25 years after you retire and would like to have $75,000 annualily on which to be. Your first withdrawal wil be made one year after you retire and you articipate that your retirement account w" "m 12% annualy What amount do you need in your retirement account the day you retire? Round your answer to the nearest cent. Do not round intermediate caloulations b. Alline that your fint withdrinsl wil be made the day you retre. Under this mampton, what amont do you nowmd , ~renement accent the day you reire? Round your answer to the nearest cent. Do nat round intermedate calculations Chock My Work (a remaising
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