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