A person was able to invest $5,000 a year at the ends of years 1 through 10 in an account which paid 6 interest compounded annually The person now plans to retire at the end of year 30 and expects to need $35,000 a year at the ends of years 31 through 50 What additional uniform deposit at the ends of years 25 through 29 st 4 interest would be required in order to permit the expected retirement withdrawls APPENDIX C COMPOUND INTEREST TABLES 609 Compound Interest Factors Single Payment Uniform Payment Series Arithmetic Gradient Compound Amount Factor Present Factor Given F Sinking Factor Given F Compound Amount Factor Present Factor Given A Recovery Factor Present Series in Given P Given P Given A Given G Given G 1 0600 1 000 2 060 0 0 8900 2886 7473 7050 2034 6274 9 6 802 5584 5268 4970 0759 29 602 1268 18 882 45 963 0990 0954 0924 0896 25 672 6 624 30 906 33 760 0296 0272 7 605 39 993 43 392 46 996 0830 104 700 2470 12 550 12 783 13 003 0797 121 468 126 860 0769 63 706 68 528 2074 0746 0736 0726 137 309 142 359 147 286 152 090 156 768 79 058 13 765 00960 00897 00646 00470 0703 0696 0690 0665 10 286 0972 185 957 203 109 154 762 0634 0625 290 335 229 322 239 043 24 650 00254 0303 533 126 719 080 967 928 0227 16 289 16 385 00139 00103 00077 00057 00043 00032 00024 00018 253 327 258 453 262 549 265 810 268 395 270 437 272 047 59 076 0608 0606 0604 0603 0602 0602 15 706 15 903 16 062 105 796 141 578 189 464 253 545 339 300 00945 00706 00528 00394 00295 16 579 4 209 1 16 290

Question

A person was able to invest $5,000 a year at the ends of years 1 through 10 in an account which paid 6  interest compounded annually  The person now plans to retire at the end of year 30 and expects to need $35,000 a year at the ends of years 31 through 50  What additional uniform deposit at the ends of years 25 through 29 st 4  interest would be required in order to permit the expected retirement withdrawls  APPENDIX C  COMPOUND INTEREST TABLES 609 Compound Interest Factors Single Payment Uniform Payment Series Arithmetic Gradient Compound Amount Factor Present Factor Given F Sinking Factor Given F Compound Amount Factor Present Factor Given A Recovery Factor Present Series in Given P Given P Given A Given G Given G 1 0600 1 000 2 060 0 0 8900 2886 7473 7050 2034 6274 9 6 802 5584 5268 4970 0759 29 602  1268 18 882 45 963 0990 0954 0924 0896 25 672 6 624 30 906 33 760 0296 0272 7 605 39 993 43 392 46 996 0830 104 700 2470 12 550 12 783 13 003 0797 121 468 126 860 0769 63 706 68 528 2074 0746 0736 0726 137 309 142 359 147 286 152 090 156 768 79 058 13 765 00960 00897 00646 00470 0703 0696 0690 0665 10 286 0972 185 957 203 109 154 762 0634 0625 290 335 229 322 239 043 24 650 00254 0303 533 126 719 080 967 928 0227 16 289 16 385 00139 00103 00077 00057 00043 00032 00024 00018 253 327 258 453 262 549 265 810 268 395 270 437 272 047 59 076 0608 0606 0604 0603 0602 0602 15 706 15 903 16 062 105 796 141 578 189 464 253 545 339 300 00945 00706 00528 00394 00295 16 579 4 209 1 16 290

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A person was able to invest $5,000 a year at the ends of years 1 through 10 in an account which paid 6% interest compounded

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