Question: Question 9 (1 point) William expects to live for another 25 years after retirement. During those 25 years, William plans to withdraw $4,000 living expense

Question 9 (1 point) William expects to live for another 25 years after retirement. During those 25 years, William plans to withdraw $4,000 living expense from his superannuateon fund at the beginning of each month. How much is the minimum superannuateon balance William needs when he retires? Assume his superannuateon fund delivers 11.6% p.a. rate of return, compounded monthly. Your Answer: Answer D View hint for Question 9 Question 10 (1 point) You are planning your retirement and you come to the conclusion that you need to have saved $1.54 million in 29 years. You can invest into a superannuateon that guarantees you a 5.3% p.a. return compounded monthly. To achieve your retirement saving goal, how much is the monthly contribution if it is made at the beginning of each month? Your

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