a-1. With a 3.0% inflation rate (Spreadsheet 21.2), by how much would your retirement annuity grow if you increase the savings rate by 1.3%? (Round your answer to 2 decimal places.)

	Growth in retirement annuity

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A B E ROR 25 .07 .03 .06 D Retirement Years Income Growth Rate of Inflation Savings Rate .15 Age Income Deflator Saving 50,0001 1.00 7,500 53,500 1.03 8,025 70,128 1.16 10,519 137,952 1.56 20,693 271,372 2.09 40,706 533,829 2.81 80,074 Total 7,445,673 1,116,851 Cumulative Savings 7,500 15,975 61,658 308,859 943,477 2,457,518 Real Annuity RROR .0291 Consumption 42,500 44,150 51,419 75,264 110,1671 161,2571 49,668 A B E ROR 25 .07 .03 .06 D Retirement Years Income Growth Rate of Inflation Savings Rate .15 Age Income Deflator Saving 50,0001 1.00 7,500 53,500 1.03 8,025 70,128 1.16 10,519 137,952 1.56 20,693 271,372 2.09 40,706 533,829 2.81 80,074 Total 7,445,673 1,116,851 Cumulative Savings 7,500 15,975 61,658 308,859 943,477 2,457,518 Real Annuity RROR .0291 Consumption 42,500 44,150 51,419 75,264 110,1671 161,2571 49,668