Suppose you plan to save $$7,000$ at the end of each coming year for the next $31$ years from now for retirement. The interest rate is $7\%.$ How much will you have $31$ years from now?

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Correct response: $714,511\mathrm{.}29+-10$

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Given that you will have $$714511\mathrm{.}29$ saved on the day you retire, how much will you be able to spend each year starting at the end of the first year of retirement, if you want to spend in perpetuity?

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Section Attempt $1$ of $1$

Please complete part $2!$ Thank you