Your sister turned 35 today, and she is planning to save $7,000 per year for retirement, with thefirst deposit to be made one year from today. She will invest in a mutual fund that's expected toprovide a return of 7.5% per year. She plans to retire 30 years from today, when she turns 65, and sheexpects to live for 25 years after retirement, to age 90. Under these assumptions, how much can shespend each year after she retires? Her first withdrawal will be made at the end of her first retirementyear. a.$58,601b.$61,686c.$64,932d.$68,17 9e.$71,588

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society