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3) Lexi decides to start saving for retirement right out of university, at age 22. She doesn't make a huge salary to begin with but

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3) Lexi decides to start saving for retirement right out of university, at age 22. She doesn't make a huge salary to begin with but by holding to a strict budget and not splurging on unnecessary items, she manages to put away $100/week into her account. She does this her entire working career, earning a strong 7.1% continuously until she is ready to retire, You will need both p= De "dt and FV = ""|708"dt a) If she decides to retire at age 63, calculate how much Lexi will have in her account. b) At 63, and now retired, Lexi thinks she has 27 years ahead of her(no one in her family has ever reached 90) during which she still needs steady income. Take her lump sum from part (a) and determine how much it could pay out to Lexi each year for 27 years. Assume she now earns a safer, more conservative 5.4% continuously c) Calculate the total amount of money Lexi put into the account herself over the span of her working career. Also calculate the total amount of money paid out by her retirement account over those last 27 years. 3) Lexi decides to start saving for retirement right out of university, at age 22. She doesn't make a huge salary to begin with but by holding to a strict budget and not splurging on unnecessary items, she manages to put away $100/week into her account. She does this her entire working career, earning a strong 7.1% continuously until she is ready to retire, You will need both p= De "dt and FV = ""|708"dt a) If she decides to retire at age 63, calculate how much Lexi will have in her account. b) At 63, and now retired, Lexi thinks she has 27 years ahead of her(no one in her family has ever reached 90) during which she still needs steady income. Take her lump sum from part (a) and determine how much it could pay out to Lexi each year for 27 years. Assume she now earns a safer, more conservative 5.4% continuously c) Calculate the total amount of money Lexi put into the account herself over the span of her working career. Also calculate the total amount of money paid out by her retirement account over those last 27 years

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