Question: Question 8 (0.8 points) You set up a college fund in which you pay $4000 each year at the beginning of the year. How much

 Question 8 (0.8 points) You set up a college fund in

Question 8 (0.8 points) You set up a college fund in which you pay $4000 each year at the beginning of the year. How much money (in S) will you have accumulated in the fund after 27 years, if your fund earns 9% compounded annually? Your Answer: Answer Question 9 (0.8 points) You are planning your retirement and you come to the conclusion that you need to have saved $2000000million in 30 years. You can invest into an retirement account that guarantees you a 12% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal? Your

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