1. A Jean is planning for 15-year retirement. In order to supplement his pension and offset the anticipated effects of inflation, he intends to withdraw $5000 at the end of the first year, and to increase the withdrawal by $1000 at the end of each successive year. How much money must the lecturer have in his savings account at the start of his retirement, if the money earns 10% per year, compounded annually? A $ 70,678 B. $ 82,145 C. $ 65,126 D. $ 78,182 2. How much money must initially be deposited in a savings account paying 12% per year, compounded annually, to provide for ten annual withdrawals that start at $6000 and decrease by $500 each year? A. $ 24,980 B. $23,773 C. $ 28,127 D $ 56,190 3. If g= 6%, i=12% and number of years is 15 years. The initial sum is $ 4000. Calculate the Present worth A. $ 37,890 B. $ 45,194 C. $ 24,041 D. $ 19,092 4. If The initial sum is $8,000 which increases at a rate of 3% per year. Calculate the future worth at the end of 5 years if the interest rate is 10% A. $34,789 B. $51,569 C. $78,246 D. $45,679