Question: You just started working your first full time job after college. You are 20 years old. You hope you can work for 40 years and

You just started working your first full time job after college.

You just started working your first full time job after college. You are 20 years old. You hope you can work for 40 years and then retire. Upon retiring you hope to draw upon your retirement account for 30 years before passing away and leaving your 3 future grandchildren $100,000 each, which represents the amount left in your account upon your passing. While you are working you plan to invest $325 each month into an account. During retirement you want to withdrawal $2,200 per month from your investment account to supplement your social security. During retirement you want to invest your money more conservatively so you expect to earn 3% APR. What APR must you make each year during your working years to make all of this happen as described above? O 5.96% O 5.48% O 6.24% O 5.98% 05.19%

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