1. How much money must you accumulate by retirement? (Hint. Find the present value of the $245,000 withdrawals.) Calculate the present value to find out how much money must be accumulated by retirement. (Round your answer to the nearest whole dollar.) The present value is 2. How does this amount compare to the total amount you will draw out of the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have invested These numbers are different because: OA. You need to have far more accumulated than what you will withdraw because you will withdraw a large portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OB. You need to have far less accumulated than what you will withdraw because you only withdraw a portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OC. You need to have the same accumulated as you will withdraw because you will not earn further interest on your investment when you reach retirement. OD. None of the above. 3. How much must you pay into the investment each year for the first fifteen years? (Hint. Your answer from Requirement 1 becomes the future value of this annuity) (Round your answer to the nearest whole dollar.) For the first fifteen years, the amount you must pay into the investment each year is 4. How does the total out-of-pocket savings compare to the investment's value at the end of the 15-year savings period and the withdrawals you will make during retirement? (Use the investment rounded to the nearest whole number that you calculated above, then round your final answer to the nearest whole dollar.) The total out-of-pocket savings amounts to This is far than the investment's worth at the end of fifteen years and remarkably than the amount of money you will eventually withdraw from the investment. less more 1. How much money must you accumulate by retirement? (Hint. Find the present value of the $245,000 withdrawals.) Calculate the present value to find out how much money must be accumulated by retirement. (Round your answer to the nearest whole dollar.) The present value is 2. How does this amount compare to the total amount you will draw out of the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have invested These numbers are different because: OA. You need to have far more accumulated than what you will withdraw because you will withdraw a large portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OB. You need to have far less accumulated than what you will withdraw because you only withdraw a portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OC. You need to have the same accumulated as you will withdraw because you will not earn further interest on your investment when you reach retirement. OD. None of the above. 3. How much must you pay into the investment each year for the first fifteen years? (Hint. Your answer from Requirement 1 becomes the future value of this annuity) (Round your answer to the nearest whole dollar.) For the first fifteen years, the amount you must pay into the investment each year is 4. How does the total out-of-pocket savings compare to the investment's value at the end of the 15-year savings period and the withdrawals you will make during retirement? (Use the investment rounded to the nearest whole number that you calculated above, then round your final answer to the nearest whole dollar.) The total out-of-pocket savings amounts to This is far than the investment's worth at the end of fifteen years and remarkably than the amount of money you will eventually withdraw from the investment. less more 1. How much money must you accumulate by retirement? (Hint. Find the present value of the $245,000 withdrawals.) Calculate the present value to find out how much money must be accumulated by retirement. (Round your answer to the nearest whole dollar.) The present value is 2. How does this amount compare to the total amount you will draw out of the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have invested These numbers are different because: OA. You need to have far more accumulated than what you will withdraw because you will withdraw a large portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OB. You need to have far less accumulated than what you will withdraw because you only withdraw a portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OC. You need to have the same accumulated as you will withdraw because you will not earn further interest on your investment when you reach retirement. OD. None of the above. 3. How much must you pay into the investment each year for the first fifteen years? (Hint. Your answer from Requirement 1 becomes the future value of this annuity) (Round your answer to the nearest whole dollar.) For the first fifteen years, the amount you must pay into the investment each year is 4. How does the total out-of-pocket savings compare to the investment's value at the end of the 15-year savings period and the withdrawals you will make during retirement? (Use the investment rounded to the nearest whole number that you calculated above, then round your final answer to the nearest whole dollar.) The total out-of-pocket savings amounts to This is far than the investment's worth at the end of fifteen years and remarkably than the amount of money you will eventually withdraw from the investment. less more 1. How much money must you accumulate by retirement? (Hint. Find the present value of the $245,000 withdrawals.) Calculate the present value to find out how much money must be accumulated by retirement. (Round your answer to the nearest whole dollar.) The present value is 2. How does this amount compare to the total amount you will draw out of the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have invested These numbers are different because: OA. You need to have far more accumulated than what you will withdraw because you will withdraw a large portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OB. You need to have far less accumulated than what you will withdraw because you only withdraw a portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OC. You need to have the same accumulated as you will withdraw because you will not earn further interest on your investment when you reach retirement. OD. None of the above. 3. How much must you pay into the investment each year for the first fifteen years? (Hint. Your answer from Requirement 1 becomes the future value of this annuity) (Round your answer to the nearest whole dollar.) For the first fifteen years, the amount you must pay into the investment each year is 4. How does the total out-of-pocket savings compare to the investment's value at the end of the 15-year savings period and the withdrawals you will make during retirement? (Use the investment rounded to the nearest whole number that you calculated above, then round your final answer to the nearest whole dollar.) The total out-of-pocket savings amounts to This is far than the investment's worth at the end of fifteen years and remarkably than the amount of money you will eventually withdraw from the investment. less more 1. How much money must you accumulate by retirement? (Hint. Find the present value of the $245,000 withdrawals.) Calculate the present value to find out how much money must be accumulated by retirement. (Round your answer to the nearest whole dollar.) The present value is 2. How does this amount compare to the total amount you will draw out of the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have invested These numbers are different because: OA. You need to have far more accumulated than what you will withdraw because you will withdraw a large portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OB. You need to have far less accumulated than what you will withdraw because you only withdraw a portion of the investment every year-the balance remains invested where it continues to earn 14% interest. OC. You need to have the same accumulated as you will withdraw because you will not earn further interest on your investment when you reach retirement. OD. None of the above. 3. How much must you pay into the investment each year for the first fifteen years? (Hint. Your answer from Requirement 1 becomes the future value of this annuity) (Round your answer to the nearest whole dollar.) For the first fifteen years, the amount you must pay into the investment each year is 4. How does the total out-of-pocket savings compare to the investment's value at the end of the 15-year savings period and the withdrawals you will make during retirement? (Use the investment rounded to the nearest whole number that you calculated above, then round your final answer to the nearest whole dollar.) The total out-of-pocket savings amounts to This is far than the investment's worth at the end of fifteen years and remarkably than the amount of money you will eventually withdraw from the investment. less more