Complete the retirement finances analysis given below Information relevant to these topics can be found in Section 6.7 of the book and Powerpoint 37. You may an online calculator to do computations for the retirement finances part, but you still need to show how arrived at your answer. 1. Fixed Contribution. If you contribute $250 per month to an Individual Retirement Account (IRA) for 40 years at an interest rate of 8% per year compounded continuously how much money will be in your IRA at retirement 2. Increasing Contribution. Usually contributions are a percentage of your salary, which increases over time. Consider a $250 per month contribution, increased by 5% per year for 40 years at the same 8% rate, compounded continuously. In this case, how much money will be in your IRA at retirement? Note: R(t) will no longer be constant in this case it will depend on. Your first step here is to figure out what Rit) is. Remember, to increase a number by 59. you can multiply it by 1.05. 3. Making it last in retirement Use your w from question mmber 2 in this part. Let us sup- pone that you invest this amount in a moure investmearning fixed interest rate of 6% per year. compounded continuously. If you want your nesten for at 25 years, then what constant monthly payment should you draw of + Complete the retirement finances analysis given below Information relevant to these topics can be found in Section 6.7 of the book and Powerpoint 37. You may an online calculator to do computations for the retirement finances part, but you still need to show how arrived at your answer. 1. Fixed Contribution. If you contribute $250 per month to an Individual Retirement Account (IRA) for 40 years at an interest rate of 8% per year compounded continuously how much money will be in your IRA at retirement 2. Increasing Contribution. Usually contributions are a percentage of your salary, which increases over time. Consider a $250 per month contribution, increased by 5% per year for 40 years at the same 8% rate, compounded continuously. In this case, how much money will be in your IRA at retirement? Note: R(t) will no longer be constant in this case it will depend on. Your first step here is to figure out what Rit) is. Remember, to increase a number by 59. you can multiply it by 1.05. 3. Making it last in retirement Use your w from question mmber 2 in this part. Let us sup- pone that you invest this amount in a moure investmearning fixed interest rate of 6% per year. compounded continuously. If you want your nesten for at 25 years, then what constant monthly payment should you draw of +