Question: You have until 8:23 PM to complete this assignment. Intro You just turned 21 years old and want to retire when you turn 63. You

You have until 8:23 PM to complete this assignment. Intro You

You have until 8:23 PM to complete this assignment. Intro You just turned 21 years old and want to retire when you turn 63. You expect to live for 25 years after retirement and expect to withdraw $7,900 per month during retirement, starting first withdrawal one month after your 63th birthday. Your retirement account quotes a return of 7% annually. Attempt 1/3 for 10 pts. How much retirement money do you need to have by 63 th birthday to support the withdrawal? Attempt 1/3 for 10 pts. How much should you save each month if you make the first deposit one month after 21 th birthday and the last one on 63 th birthday

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