All parts to the question or no vote. Thank you
n 24 25 26 27 28 29 30 31 32 33 34 35 2.00% 1.6084 1.6406 1.6734 1.7069 1.7410 1.7758 1.8114 1.8476 1.8845 1.9222 1.9607 1.9999 Compound Sum of $1 (FVIF) 3.00% 4.00% 2.0328 2.5633 2.0938 2.6658 2.1566 2.7725 2.2213 2.8834 2.2879 2.9987 2.3566 3.1187 2.4273 3.2434 2.5001 3.3731 2.5751 3.5081 2.6523 3.6484 2.7319 3.7943 2.8139 3.9461 5.00% 3.2251 3.3864 3.5557 3.7335 3.9201 4.1161 4.3219 4.5380 4.7649 5.0032 5.2533 5.5160 Data table Present Value of an Annuity (PVIFA) n 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 13 11.3484 10.6350 9.9856 9.3936 8.8527 8.3577 7.9038 7.4869 7.1034 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 15 12.8493 11.9379 11.1184 10.3797 9.7122 9.1079 8.5595 8.0607 7.6061 16 13.5777 12.5611 11.6523 10.8378 10.1059 9.4466 8.8514 8.3126 7.8237 17 14.2919 13.1661 12.1657 11.2741 10.4773 9.7632 9.1216 8.5436 8.0216 18 14.9920 13.7535 12.6593 11.6896 10.8276 10.0591 9.3719 8.7556 8.2014 19 15.6785 14.3238 13.1339 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 2016.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 21 17.0112 15.4150 14.0292 12.8212 11.7641 10.8355 10.0168 9.2922 8.6487 22 17.6580 15.9369 14.4511 13.1630 12.0416 11.0612 10.2007 9.4424 8.7715 23 18.2922 16.4436 14.8568 13.4886 12.3034 11.2722 10.3711 9.5802 8.8832 24 18.9139 16.9355 15.2470 13.7986 12.5504 11.4693 10.5288 9.7066 8.9847 25 19.5235 17.4131 15.6221 14.0939 12.7834 11.6536 10.6748 9.8226 9.0770 26 20.1210 17.8768 15.9828 14.3752 13.0032 11.8258 10.8100 9.9290 9.1609 27 20.7069 18.3270 16.3296 14.6430 13.2105 11.9867 10.9352 10.0266 9.2372 Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 33 years and anticipate they will need funding for an additional 21 years. They determined that they would have a retirement income of 547,000 in today's dollars, but they would actually need $64,569 in retirement income to meet all of their objectives. Calculate the total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a 3 percent inflation rate and a return of 8 percent. Click on the table icon to view the FVIF table B. Click on the table icon to view the PVIFA table The total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a 3 percent inflation rate and a return of 8 percent is $. (Round to the nearest cent.)
