How much do have to deposit today so

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Problem 1: Judith has just become eligible to participate in her company's retirement plan. Her company does not match contributions, but the plan does average an annual return of 12%. Judith is 40 and plans to work to age 65. If she contributes $200 per month, how much will she have in her retirement plan at retirement?

Problem 2: How much do you have to deposit today so that exactly 10 years from now you can withdraw $10,000 a year for the next five years? Assume an interest rate of 6%.

Reference no: EM132979468

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