Appendix A
Appendix C
Appendix D
You wish to retire in 10 years and currently have $60,000 in a savings account yielding 6 percent annually and $100,000 in quality "blue chip" stocks yielding 10 percent. If you expect to add $40,000 at the end of each year to your stock portfolios, how much will you have in your retirement fund when you retire? Use Appendix A and Appendix C to answer the question. Round your answer to the nearest dollar. What rate of return must you earn on your retirement funds if you want to withdraw $100,000 per year for the next 14 years after retiring? Use Appendix D to answer the question. Round your answer to the nearest whole number. Interest Factors for the Future Value of an Annuity of One Dollar \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & 15 & & 3x & 4x2 & 3x & 60 & x & 8x & & 10x & 12 & & 16y: & 2006 \\ \hline 1 & 1,000 & 1.000 & 1,000 & 1.000 & 1,000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1000 \\ \hline 2 & 2.010 & 2.020 & 2.030 & 2.040 & 2.050 & 2.060 & 2070 & 2.080 & 2.090 & 2.100 & 2.120 & 2.140 & 2.100 & 2.200 \\ \hline 3 & 3.030 & 3.060 & 3.091 & 3.122 & 3.152 & 3.184 & 3.215 & 3.246 & 3278 & 3310 & 3.374 & 3.440 & 3.506 & 3640 \\ \hline 4 & 4.060 & 4,122 & 4,184 & 4.246 & 4310 & 4,375 & 4.440 & 4.506 & 4573 & 4.641 & 4.770 & 4.921 & 5.067 & 5.368 \\ \hline 5 & 5.101 & 5.204 & 5.309 & 5.416 & 5.526 & 5.637 & 5.751 & 5.867 & 5985 & 6.105 & 6.353 & 6.610 & 6.877 & 7.442 \\ \hline 5 & 6.152 & 6.308 & 6.468 & 6.633 & 6.802 & 6975 & 7.153 & 7.336 & 7.523 & 7716 & 8.115 & 8.536 & 8978 & 9930 \\ \hline 7 & 7214 & 7.434 & 7.662 & 7.898 & 8.142 & 8.394 & B. 654 & 8.923 & 9.200 & 9.487 & 10.089 & 10.730 & 11.413 & 12.915 \\ \hline 8 & 8286 & 8,583 & 8.892 & 9214 & 9549 & -9897 & 10.260 & 10.637 & 11,028 & 11.436 & 12.300 & 13.233 & 14.240 & 16.499 \\ \hline 9 & 9.369 & 9.755 & 10.159 & 10.583 & 11.027 & 11.491 & 11978 & 12.488 & 13.021 & 13.579 & 14.776 & 16.085 & 17518 & 20798 \\ \hline 10 & 10.462 & 10.950 & 11.464 & 12006 & 12578 & 13.181 & 13816 & 14.487 & 15,193 & 15937 & 17549 & 19337 & 21.321 & 25.958 \\ \hline It & 11567 & 12.169 & 12.808 & 13.486 & 14.207 & 14.972 & 15.784 & 16.645 & 17.560 & 18531 & 20.655 & 23044 & 25.732 & 32.150 \\ \hline 12 & 12.683 & 13.412 & 14.192 & 15.026 & 15.917 & 16.870 & 17.888 & 18977 & 20.141 & 21,384 & 24,138 & 27.271 & 30.850 & 39580 \\ \hline 13 & 13.809 & 14,680 & 15.618 & 16.627 & 17.713 & 18.882 & 20.141 & 21.495 & 22.953 & 24573 & 28.029 & 32.089 & 36.786 & 48.496 \\ \hline 14 & 14947 & 15.974 & 17,086 & 18.292 & 19.599 & 21.051 & 22550 & 24.215 & 26.019 & 27975 & 32393 & 37581 & 43.672 & 59.195 \\ \hline 15 & 16097 & 17.793 & 18599 & 20.024 & 21.579 & 23.276 & 25.129 & 27.152 & 29361 & 31.772 & 37.280 & 43.842 & 51.659 & 12005 \\ \hline 16 & 17.258 & 18.639 & 20.157 & 21.825 & 23657 & 25.673 & 27888 & 30.324 & 33.003 & 35.950 & 42753 & 50980 & 60925 & B7.442 \\ \hline 17 & 18430 & 20.012 & 21.762 & 23.698 & 25.840 & 28.213 & 30.840 & 33.750 & 36.974 & 40.545 & 48.854 & 59.118 & 71.673 & 105.93 \\ \hline 18 & 19.615 & 21.412 & 23.414 & 25.645 & 28,132 & 30.906 & 33.999 & 37.450 & 41.701 & 45,599 & 55.750 & 68934 & 84.140 & 128.11 \\ \hline 19 & 20.811 & 22.841 & 25.117 & 27.671 & 30.539 & 33.760 & 37.379 & 41.446 & 46.018 & 51.159 & 63.440 & 78969 & 98603 & 154.74 \\ \hline 20 & 22.019 & 24297 & 26.870 & 20.778 & 33.066 & 36.786 & 40.995 & 45.762 & 51.160 & 57.275 & 72.052 & 91.025 & 115370 & 186.68 \\ \hline 25 & 28.243 & 32.030 & 36.459 & 41.646 & 47.727 & 54.865 & 63.249 & 73.106 & 84.701 & 98347 & 133.33 & 18187 & 249210 & 47193 \\ \hline 30 & 34785 & 40.568 & 47575 & 56.085 & 66.439 & 79058 & 94.461 & 113.283 & 136.308 & 164.494 & 241.733 & 356878 & 530310 & 1181.8 \\ \hline \end{tabular} Interest Factors for the Present Value of an Annuity of One Dollar \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & x & 23 & x & ex. & 5x & & N & as & 5. & 100 & 128 & & 16 & 10x & 2004. & 26x & 20x & 2% & \\ \hline 1 & 0990 & 0980 & 0971 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 & 0.909 & 0.893 & 0.877 & 0.862 & 0.847 & 0.8330 & 0.806 & 0.7810 & 0.758 & 0.735 \\ \hline 2 & 1.970 & 1942 & 1913 & 1.866 & 1.859 & 1.833 & 1.808 & 1,783 & 1.759 & 1.736 & 1.690 & 1.647 & 1605 & 1566 & 1528 & 1.457 & 1.392 & 1332 & 1.276 \\ \hline 3 & 2.941 & 2884 & 2879 & 2.775 & 2723 & 2.673 & 2.624 & 2.577 & 2531 & 2487 & 2402 & 2.322 & 2246 & 2.174 & 2.106 & 1981 & 1.868 & 1.766 & 1.674 \\ \hline 4 & 3902 & 3.808 & 3.797 & 3.630 & 3.546 & 3.465 & 3367 & 3312 & 3.240 & 3170 & 3.037 & 2.914 & 2798 & 2.690 & 25802 & 2.4042 & 2.2412 & 2096 & 1966 \\ \hline 5 & 4.853 & 4.713 & 4.580 & 4.452 & 4.329 & 4.212 & 4.100 & 3993 & 3.890 & 3.791 & 3.605 & 3,433 & 3.274 & 3.127 & 29912 & 2.7452 & 2.5322 & 2345 & 2.181 \\ \hline 6 & 5.795 & 5.601 & 5.417 & 5.242 & 5076 & 4917 & 4.766 & 4673 & 4.486 & 4.355 & 4.111 & 3889 & 3.685 & 3.498 & 3.3263 & 3.0202 & 27592 & 2.5342 & 2399 \\ \hline 7 & 6.728 & 6.472 & 6230 & 6.002 & 5.786 & 5582 & 5.369 & 5206 & 50335575 & 4868 & 4564 & 4288 & 4039 & 3812 & 3.605 & 3.242 & 2.9972 & 2678 & 2.455 \\ \hline 8 & 7.652 & 7,325 & 7020 & 6.733 & 6.463 & 6.210 & 5.971 & 5,747 & 5.535 & 5335 & 4.968 & 4.639 & 4344 & 4.078 & 3.837 & 3.421 & 3.0752 & 2.786 & 2540 \\ \hline 9 & 8.566 & 8.62 & 7786 & 7.435 & 7.108 & 6.802 & 6515 & 6.247 & 5985 & 5.759 & 5.328 & 4946 & 4.607 & 4303 & 4.0313 & 3566 & 3.1842 & 2868 & 2603 \\ \hline 10 & 9.471 & 8.983 & 8.530 & 8.111 & 7.722 & 7.360 & 7.024 & 6710 & 6.418 & 6.145 & 5.650 & 5.216 & 4833 & 4.494 & 4.1933 & 3682 & 3.2692 & 2930 & 2.650 \\ \hline 11 & 10.368 & 9.787 & 9253 & 8.760 & 8306 & 7.887 & 7.499 & 7.139 & 6.805 & 6.495 & 5.988 & 5.453 & 5.029 & 4.656 & 4.327 & 3776 & 33352 & 2.9782 & 2.683 \\ \hline 12 & 11.255 & 10.575 & 9.954 & 9.385 & 8.863 & 8384 & 7943 & 7536 & 3.161 & 6.814 & 6.194 & 5.660 & 5.197 & 4793 & 4.439 & 3851 & 3387 & 30132 & 270s \\ \hline 13 & 12.134 & 11.3481 & 10.635 & 9986 & 9394 & 8534 & 8.358 & 7904 & 7.487 & 7,103 & 6.424 & 5842 & 5.342 & 4910 & 4533 & 3912 & 3.4273 & 30402 & 2727 \\ \hline 14 & 13.004 & 12.106 & 11.296 & 10.563 & 9899 & 9.295 & 8.745 & 8.244 & 7.786 & 7367 & 6.628 & 6.002 & 5.468 & 5.008 & 4.611 & 3962 & 3.4593 & 3061 & 2740 \\ \hline 15 & 138651 & 12849 & 11938 & 11.118 & 10.380 & 9712 & 9.108 & 8559 & 8.060 & 7606 & 6811 & 6.1429 & 5.575 & 5.092 & 4.6754 & 4001 & 3.4833 & 3.0762 & 2.750 \\ \hline 16 & 14.7181 & 13.57 & 12561 & 11.652 & 10.83 & 10.10 & 9.447 & 8.851 & 12 & 7.8 & 6.974 & 6.265 & 5.669 & 5.162 & 4730 & 4.003 & 35033 & 3.088 & 2758 \\ \hline 17 & 15.5621 & 142921 & 13.166 & 12.166 & 11.2741 & 10.477 & 9.763 & 9.122 & 8.544 & 8.002 & 7.120 & 6.373 & & 5mz & 4775 & 4059 & 35183 & 3097 & 2.763 \\ \hline 18 & 16.3981 & 14.992 & 13.754 & 12.6591 & 11,6901 & 10.828 & 10.059 & 9372 & 8.756 & 8.201 & 7250 & 6.467 & 5.818 & 5.273 & 4.812 & 4060 & 3.579 & 3104 & 2.767 \\ \hline 19 & 172261 & 15.678 & 14.324 & 13.134 & & 11.158 & 10336 & 9604 & 8950 & 8. 365 & 7366 & 6.550 & 5.877 & 5316 & 4.844 & 4.097 & 3.539 & 3.109 & 2770 \\ \hline 20 & 180461 & 16.351 & 14.877 & 13.590t & 12.462 & 11.470 & 10.594 & 9.818 & 9.128 & 8514 & 7.469 & 6.623 & 5929 & 5.353 & 4.870 & 4.110 & 3546 & 3.13 & 2m \\ \hline 252 & 220231 & 19523 & 17.4131 & 15.622 & 140941 & 12.783 & 11.654 & 10.675 & 9.823 & 9.077 & 7.843 & 6.873 & 6097 & 5.467 & 4.948 & 4,147 & 3564 & 3.122 & 2776 \\ \hline 302 & 25.8082 & 22.937 & 19.6001 & 17.292 & 153731 & 13.7651 & 12.4091 & 11.25811 & 10.274 & 9.427 & 8.055 & 7,003 & 6.177 & 5.517 & 4979 & 4.160 & 3569 & 3.124 & 2.778 \\ \hline \end{tabular}
