You have one semester left to graduate and you have the finances to do a maximum of four courses. three of the courses are required courses. the last course slot belongs to an elective. you have narrowed down your choices to three electives, all of which are very popular and very useful courses that you are very interested in. decide on the course you want to take. then using at least two economic decision-making principles, explain why you are making this choice.

You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.