answer all parts

Stefani Gorman, a 40-year-old woman, plans to felire at age 65 , and she wants to accumulate $500,000 over the noxd 25 years to supplereent the retirement programs providod by the foderal government and her omployer. Sho expocts to oaen an averago annual retum of about bry by irvesting in a low-riak portiolo cortaining about 20% short-term socutitien, 30% common stock, and 50% bonds. Stefani currently has $34,950 that at an annual rato of return of 6% will grow to about $150,000 by her 65 th birthday (the $150,000 figure is found using time valun of money techniques, Chapter 4 Appendix.) Stelani consults a financial advisor to determine how much money she should save each year to meet her retirement savinge objective. The advisor tolls Stefani that if the saves about $18.23 each year, sho will accumulate $1,000 by age 65 . Saving 5 times that amount each year, $31. 16 . allows Stefani to accumulate roughly $5,000 by age 65. a. How much additional money doos Stofani need to accumulate over time to roach her poal of $500.000 ? b. How much must Stefani save to accumulate the sum calculated in part a over tho noxt 25 yoars? a. To reach her goal of $500,000, Stetani needs to accumulate $ (Round to the noarest doliar.)