Saved Help Save & Exit Submit You feel that you will need $3.7 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.2 percent compounded monthly and plan to save $530 per month until you reach your goal. How many years will it be until you reach your goal and retire? Multiple Choice 1:44 The Nashville Geetars, a professional foosball team, has just signed its star player Harold "The Wrist" Thornton to a new contract One of the terms requires the team to make a lump sum payment of $13.31 million to the The Wrist exactly 10 years from today. The team plans to make equal annual deposits into an account that will earn 5.05 percent in order to fund the payment. How much must the team deposit each year? Multiple Choice