Question

V.

A. To save for retirement you deposit $200 every month for 40 years into an account that

pays 5.2% interest. How much money will be in the account when you retire? (4pts)

B. The money from "Part A" is transferred into an account that pays 5.6%. How much

money can you withdraw monthly for 28 years? (4pts)

C. How much total is deposited into the account in part A? (3pts)

D. How much total would be withdrawn from the account in part B, assuming all

withdrawals are made? (3pts)

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