Question $2$

As soon as you started working, you started a retirement account. $($Good thinking!$)$ When you retire,

you want to be able to withdraw $$2,300$ each month for $25$ years. Your account earns $2\%$ annual

interest compounded monthly.

a$)$ How much do you need in your account at the beginning of your retirement?

S

b$)$ How much total money will you pull out of the account?

S

c$)$ How much of that money will be interest?