A) Grady's annual need in today's dollars is ?

B)Adjusting for taxes anount Grady needs per year in todays dollars

C) Adjusting for inflation the amount grady needs per year in future dollars when he begins retirement in 40 years

D)Since he needs this amount for 20 years the total he needs for retirement is

E) To reach his retirement goal assuming he does not not recieve any employer match on his retirement savings.Grady will need to save $_______ per month

1 Data Table Individuals 10% 14 TABLE 16.2 The Average Tax Rate Average Tax Rate Retirement Income Couples Filing Jointly $20,000 79 30,000 10 40,000 12 50,000 14 60,000 17 70,000 19 80,000 21 90,000 22 17 20 22 23 24 25 100 000 23 26 Print Done i Data Table grad rai we perc thin n = 20 mud 20 d to the Compound Sum of $1 (FVIF) n = 40 2.00% 1.4859 2.2080 2.10% 1.5154 2.2963 2.20% 1.5453 2.3880 2.30% 1.5758 2.4833 2.40% 1.6069 2.5822 2.50% 1.6386 2.6851 2.60% 1.6709 2.7919 2.70% 1.7038 2.9028 2.80% 1.7372 3.0180 2.90% 1.7714 3.1377 3.00% 1.8061 3.2620 3.10% 1.8415 3.3911 3.20% 1.8776 3.5252 ty's swer Print Done ML Present Value of an Annuity (PVIFA) n = 20 n = 40 1.00% 18.0456 32.8347 1.10% 17.8651 32.2195 1.20% 17.6873 31.6205 1.30% 17.5120 31.0372 1.40% 17.3391 30.4692 1.50% 17.1686 29.9158 1.60% 17.0006 29.3768 1.70% 16.8349 28.8517 1.80% 16.6715 28.3401 1.90% 16.5103 27.8414 2.00% 16.3514 27.3555 2.10% 16.1947 26.8818 2.20% 16.0402 26.4200 Print Done