A self-employed person deposits $4,000 annually in a retirement account (called Keoghor H.R. 10 plan) that earns 7 percent. Use Appendix A and Appendix to answer the questions. Round your answers to the nearest dollar a. How much will be in the account when the individual retites at the age of the savings program starts when the person is ape 50 5 b. How much additional money will be in the account if the swer defers retirement until at 75 and continues the contributions? $ How much additional money will be in the account if the saver discontinues the contributions at age 6S but does not retire until age 75% 18% 1.180 1.392 1.643 1939 2.288 20% 1.200 1.440 1.728 2.074 2488 Interest Factors for the Future Value of One Dollar Time Period (2.9 2% 3% 4% 5% 7% 8% SX 30% 12% 14% 15% 16% 1 1.010 1.020 1.030 1040 1050 1.060 1070 1.080 1.090 1.100 1.120 1.140 1.150 1.160 2 1.020 1.040 1.061 1.082 1.102 1.124 1.145 7.166 1.188 1.210 1.254 1.300 1.322 1346 1.030 1.061 1093 1.125 1.158 1.191 3 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.561 1.041 1.0821.126 1.170 1.216 1.262 1311 1.360 1.412 1.464 1.574 1.689 5 1.051 1.104 1.159 1217 1.276 1338 1403 1.749 1.811 1.469 1.539 1.611 1.762 1.925 2011 2.100 6 1.062 1.126 1.194 1.265 1.340 1419 1.501 1.587 1.677 1.772 1.974 2.195 2.313 2.436 7 1.072 1.149 1.230 1316 1.407 1.504 1606 1.714 1.828 1.949 2.211 2.502 2.660 2.826 8 1.083 1.1721267 1.369 1477 15941718 1.851 1993 2144 2.475 2.853 3.059 3.278 9 1.094 1.195 1.305 1.423 1551 1.689 1838 1.999 2.172 2.358 2.773 3.252 3.518 3.803 10 1.105 1.219 1.344 1480 1.629 1791 1967 2.159 2.367 2.594 3.106 3.707 4.046 4.411 11 1.116 1.243 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4.652 5.117 12 1.127 1.268 1426 1601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4 818 5.350 5.936 13 1.138 1.294 1.469 1665 1886 2.133 2.410 2,720 3.066 3.452 4.363 5.492 6.153 6,886 14 1.149 1.319 1513 1.732 1.980 2.261 2.579 2.937 3.342 3.797 4.887 6.261 7.076 7.988 15 1.161 1.346 1.558 1.801 2.079 2.397 2.759 3.172 3642 4.177 5,474 7.138 8.137 9.266 16 1.173 1.373 1605 1.873 2.183 2540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 10.748 17 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 6.866 9.276 10,761 12.46B 18 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.712 5.560 7690 10.575 12.375 14.463 19 1.208 1.457 1.754 2.107 2527 3.026 3.617 4.316 5.142 6.116 8.613 12.056 14.232 16.777 20 1.220 1.486 1.806 2,191 2.653 3.2073870 4.661 5.604 6.728 9.646 13.743 16.367 19.461 2.700 3.186 3.759 4436 5.234 2986 3.583 4.300 5.160 6.192 6.176 7.287 8.599 10.147 11.973 7430 8.916 10.699 12.839 15.407 14.129 16,672 19.673 23.214 27.393 18.488 22.186 26.623 31.948 38.337 25 1.282 16412094 2.666 3.386 4.292 5.427 6.848 8.623 10.835 17.000 26.4623291940.874 62.688 95 396 30 1.348 1811 2.427 3.243 4.322 5.743 7612 10.063 13.268 17.449 29.960 50 950 66.212 85.850 143370 237.370 Interest Factors for the Future Value of an Annuity of One Dollar Time Period leg year) 1 2 3 2% UN- 13 1.000 2.010 3.030 4,060 5.101 1.000 2.020 3,060 4.122 5.204 39 1.000 2.030 3.091 4.184 5.309 4% 1.000 2.040 3.122 4.246 5.416 5% 1.000 2.050 3.152 4.310 5.526 6% 1.000 2.060 3.184 4 375 5.637 7% 1.000 2070 3215 4440 5751 1.000 2080 3.246 4.506 5.867 S 1.000 2.090 3.278 4.573 185 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3374 4.770 6.353 14% 1.000 2.140 3.440 4.921 6.610 16% 1.000 2.160 3.506 5.067 6.877 20% 1.000 2 200 3.640 5.368 7.442 6 7 8 9 10 6.152 7.214 8.286 9 369 10.462 6.308 7.434 8.583 9.755 10.950 6.468 7.662 8,892 10.159 11.464 6.633 7.898 9.214 10.583 12.006 6.802 8.142 9549 11.027 12578 6.975 8.394 9.897 11.491 13.181 7.153 8.654 10.260 11978 13.816 7.336 8.923 10.637 12.488 14,487 7523 9.200 11.028 13.021 15.193 7.716 9.487 11.436 13.579 15.937 8.115 8.536 10.089 10.730 12.300 13.233 14.776 16.085 17549 19.337 8.978 11,413 14 240 17.518 21.321 9.930 12.915 16.499 20.798 25.958 11 12 13 14 15 11.567 12.683 13.809 14.947 16.097 12.169 13,412 14,680 15.974 17.299 12 808 14.192 15.618 17.086 18.599 13.486 15.026 16.627 18.292 20.024 14207 15.917 17.713 19.599 21579 14 972 16.870 18.882 21.051 23.276 15.784 17 888 20.141 22550 25.129 16.645 18.977 21.495 24.215 27.152 17.560 20.141 22.953 26.019 29.361 18.531 21.384 24.523 27975 31.772 20.655 24.138 28 029 32 393 37.280 23.044 27.221 32 089 37.581 43 842 25.732 32.150 30.850 39.580 36.786 48.496 43 672 59,195 51.65972.035 16 17 18 19 20 17.258 18.430 19,615 20.811 22.019 18.639 20.012 21412 22,841 24.297 20.157 21.762 23 414 25.112 26.870 21.825 23.698 25.645 27.673 29.778 23 657 25.840 28.132 30.539 33,066 25.673 28.213 30.906 38.760 36.786 27 888 30.840 33.999 27.379 40.995 30.324 33.750 37.450 41.446 45.762 33,003 36,974 41.301 46.018 51.160 35 950 40.545 45.599 51.159 57 275 42.753 48.884 55.750 63.140 72.052 50.980 59.118 68 934 78.969 91.025 60.925 87.442 71.673 105.93 84.140 128.11 98.603 154.74 115.370 186.68 25 28.243 32.030 36.459 41.646 47727 54 865 63.249 73.106 84.701 98.347 133.33 181.87 249.210 471.98 30 34785 40.568 47575 56.085 66.439 79.058 94.461 113.283 136.308 164.494 241.333 356.878 530.310 11818
