Appendix D

You wish to retire in 12 years, at which time you want to have accumulated enough money to recelve an annual annulty of $22,000 for 17 years after retirement. During the perlod before retirement you can earn 8 percent annually, while after retirement you can earn 10 percent on your money. What annual contributions to the retirement fund will allow you to recelve the $22,000 annulty? Use Appendix C and for an approximate answer, but calculate your final answer using the formula and financlal calculator methods. (Do not round Intermedlate calculations. Round your final answer to 2 decimal places. FVA=A[(1+i)1] Appendix C (concluded) Future value of an annuity of \$1 You wish to retire in 12 years, at which time you want to have accumulated enough money to recelve an annual annulty of $22,000 for 17 years after retirement. During the perlod before retirement you can earn 8 percent annually, while after retirement you can earn 10 percent on your money. What annual contributions to the retirement fund will allow you to recelve the $22,000 annulty? Use Appendix C and for an approximate answer, but calculate your final answer using the formula and financlal calculator methods. (Do not round Intermedlate calculations. Round your final answer to 2 decimal places. FVA=A[(1+i)1] Appendix C (concluded) Future value of an annuity of \$1