Question $29$

$5$ pts

THIS PROBLEM HAS $2$ QUESTIONS. EACH QUESTION HAS $4$ POSSIBLE ANSWERS. THERE IS A DROPDOWN MENU FOR EACH QUESTION.

You are planning for retirement. You plan to contribute to the LONG$-$TERM VALUE fund that yields a blended rate of $6\mathrm{.}2\%.$ You contribute $$12,000$ each year.

Question $1$: You plan to start saving when you are $25$ years old. After $40$ contributions, your savings will be $$

Question $2$: You plan to start saving when you are $45$ years old. After $20$ contributions, your savings will be $$