Auntie Kitty sells her home for $250,000, which is then invested to eam 5 percent annually. If her life expectancy is ten years, what is the maximum amount she can annually spend on a nursing home, doctors, and taxes? Use Appendix D to answer the question. Round your answer to the nearest dollar. The maximum amount that can be annually spend is \$ If the return were to double to 10 percent, will the amount she may spend each year more than double? Use Appendix D to answer the question. Round your answer to the nearest dollar. If the return were to double, the amount that can be annually spend will and will be equal to 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 Time:Peniod(egeryeat) & & 28 & 3% & 5x & 5x & 6% & 7% & 8% & 93 & 10% & 12% & 14% & 16% & 18% & 20% & 24% & 28% & 32% & 36% \\ \hline 1 & 0.990 & 0.980 & 0.971 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 & 0.909 & 0.893 & 0.877 & 0.862 & 0.847 & 0.833 & 0.806 & 0.781 & 0.758 & 0.735 \\ \hline 2 & 1970 & 1942 & 1.913 & 1.886 & 1.859 & 1.833 & 1.808 & 1.783 & 1.759 & 1.736 & 1.690 & 1.647 & 1,605 & 1.566 & 1.528 & 1.457 & 1392 & $332 & 1.276 \\ \hline 3 & 2.941 & 2.884 & 2.829 & 2.775 & 2.723 & 2.673 & 2.624 & 2.577 & 2.531 & 2,487 & 2.402 & 2.322 & 2.246 & 2.174 & 2.106 & 1.981 & 1.868 & 1.766 & 1.674 \\ \hline 4 & 3902 & 3.808 & 3.717 & 3.630 & 3.546 & 3.465 & 3.387 & 3.312 & 3.240 & 3.170 & 3.037 & 2.914 & 2.798 & 2.690 & 2.589 & 2.404 & 2.241 & 2.096 & 1.966 \\ \hline 5 & 4.853 & 4.713 & 4.580 & 4.452 & 4.329 & 4.212 & 4.100 & 3.993 & 3.890 & 3,791 & 3.605 & 3.433 & 3.274 & 3.127 & 2.991 & 2.745 & 2.532 & 2.345 & 2.181 \\ \hline 6 & 5.795 & 5.601 & 5.417 & 5.242 & 5.076 & 4.917 & 4.766 & 4.623 & 4.486 & 4.355 & 4.111 & 3.889 & 3.685 & 3.498 & 3.326 & 3.020 & 2.759 & 2.534 & 2.399 \\ \hline 7 & 6.728 & 6.472 & 6.230 & 6.002 & 5.786 & 5.582 & 5.389 & 5.206 & 5.033 & 4.868 & 4,564 & 4.288 & 4.039 & 3.812 & 3.605 & 3.242 & 2.937 & 2.678 & 2.455 \\ \hline 8 & 7.652 & 7.325 & 7.020 & 6.733 & 6.463 & 6.210 & 5.971 & -5.747 & 5.535 & 5.335 & 4.968 & 4.639 & 4.344 & 4.078 & 3.837 & 3.421 & 3.076 & 2.786 & 2540 \\ \hline 9 & 8.566 & 8.162 & 7.786 & 7.435 & 7.108 & 6.802 & 6.515 & 6.247 & 5.985 & 5.759 & 5.328 & 4.946 & 4.607 & 4,303 & 4.031 & 3.566 & 3.184 & 2.868 & 2.603 \\ \hline 10 & 9.471 & 8.983 & 8.530 & 8.111 & 7.722 & 7.360 & 7.024 & 6.710 & 6.418 & 6.145 & 5.650 & 5.216 & 4.833 & 4.494 & 4.193 & 3.682 & 3.269 & 2.930 & 2650 \\ \hline 11 & 10.368 & 9.787 & 9.253 & 8.760 & 8.306 & 7.887 & 7.499 & 7.139 & 6.805 & 6.495 & 5.988 & 5.453 & 5.029 & 4.656 & 4.327 & 3.776 & 3.335 & 2.978 & 2.683 \\ \hline 12 & 11.255 & 10.575 & 9.954 & 9.385 & 8.863 & 8.384 & 7.943 & 7.536 & 7.161 & 6.814 & 6.194 & 5.660 & 5.197 & 4.793 & 4.439 & 3.851 & 3.387 & 3.013 & 2.708 \\ \hline 13 & 12.134 & 11.3481 & 10.635 & 9.986 & 9.394 & 8.534 & 8.358 & 7.904 & 7.487 & 7.103 & 6.424 & 5.842 & 5.342 & 4.910 & 4.533 & 3.912 & 3.427 & 3.040 & 2.727 \\ \hline 14 & 13.004 & 12.106 & 11.296 & 10.563 & 9.899 & 9.295 & 8.745 & 8.244 & 7.786 & 7.367 & 6.628 & 6.002 & 5.468 & 5.008 & 4.611 & 3.962 & 3.459 & 3.061 & 2.740 \\ \hline 15 & 13.865 & 12.849 & 11.938 & 11.118 & 10.380 & 9.712 & 9.108 & 8.559 & 8.060 & 7.606 & 6.811 & 6.142 & 5.575 & 5.092 & 4.675 & 4.001 & 3,483 & 3.076 & 2.750 \\ \hline 16 & 14.718 & 13.578 & 12.561 & 11.652 & 10.838 & 10.106 & 9.447 & 8.851 & 8,312 & 7.824 & 6.974 & 6.265 & 5.669 & 5.162 & 4.730 & 4.003 & 3.503 & 3.088 & 2.758 \\ \hline 17 & 15.562 & 14.292 & 13.166 & 12.166 & 11.274 & 10.477 & 9.763 & 9.122 & 8.544 & 8.002 & 7.120 & 6.373 & 5.749 & 5.222 & 4.775 & 4.059 & 3.518 & 3.097 & 2.763 \\ \hline 18 & 16.398 & 14.992 & 13.7541 & 12.659 & 11.690 & 10.828 & 10.059 & 9.372 & 8.756 & 8.201 & 7.250 & 6.467 & 5.818 & 5.273 & 4.812 & 4.080 & 3.529 & 3.104 & 2.767 \\ \hline 19 & 17.226 & 15.678 & 14.324 & 13.134 & 12.085 & 11.158 & 10.336 & 9.604 & 8.950 & 8.365 & 7.366 & 6.550 & 5.877 & 5.316 & 4.844 & 4.097 & 3.539 & 3.109 & 2.770 \\ \hline 20 & 18.046 & 16.351 & 14.877 & 13.590 & 12.462 & 11.470 & 10.594 & 9.818 & 9.128 & 8.514 & 7.469 & 6.623 & 5.929 & 5.353 & 4.870 & 4.110 & 3.546 & 3.113 & 2.772 \\ \hline 25 & 22.023 & 19.523 & 17.413 & 15.622 & 14.094 & 12.783 & 11.654 & 10.675 & 9.823 & 9.077 & 7.843 & 6.873 & 6.097 & 5.467 & 4.948 & 4.147 & 3.564 & 3.122 & 2.776 \\ \hline 30 & 25.8082 & 22.937 & 19.600 & 17.292 & 15.373 & 13.765 & 12.409 & 11.258 & 10.274 & 9.427 & 8.055 & 7.003 & 6.177 & 5.517 & 4.979 & 4.160 & 3.569 & 3.124 & 2.778 \\ \hline \end{tabular}
