Mr. richards has a client ready to retire. they have approximately, $1.5 million in an account with the firm. they are very conservative clients and he wants to give them options. the first is to have the money paid out over 30 years earning a 2% rate, then 4%. he also wants to show them that a little risk could preserve their equity so he wants to show the monthly payout of interest only on full balance with rates of 4% and 8%. use the standard tvm setup and calculate the pmt using the two different rates. calculate the monthly income by multiplying the rate by the account balance for each different rate. create a summary table show the four different methods, the rates and another column showing the balance after 30 years for each different method.