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  3. please answer all and show all work. 6. you hav

please answer all and show all work. 6. You have just started...

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please answer all and show all work. image
6. You have just started working and would like to start saving for your retirement. If you would like to accumulate 53 million dollars when you retire in 40 years, how much do you need to save each month in cual amounts of the interest rate is 6% to reach this goal? Assume you start saving one month from today. Use the table of cash flows given below for problems 7 and 8. Cash Flow $1,075 $1,235 $1,510 $1,965 7 Find the present value of the cash flows if the interest rate is 9%. B. Find the future value of the cash flows in year 4 if the interest rate is 9% 9. Suppose you save $100 per month. How long will it take you to accumulate $10.000 if the annual interest rate is 5%7 10. Suppose you plan to save $5,000 per year for the 40 years you are working. How much can you withdraw in equal amounts each year for the 30 years you are retired. Assume that the interest rate is 10% and that you begin saving in one year

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