Attempts: Score: /16 6. Problem 7-25 ellook Problem 7-25 You wish to retire in 9 years and currently have $70,000 in a savings account yielding 10 percent annually and $120,000 in quality "blue chip stocks yielding 14 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 $110.000 per year for the next 13 years after retiring? Use Appendix D to answer the question. Round your answer to the nearest whole number Sve Lente Continue without saving Interest Factors for the Future Value of One Dollar Time Period (e.g. year 1 2 3 4 5 1% 1010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1.093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1050 1.102 1.158 1.216 1.276 6% 1.060 1.124 1.191 1.262 1.338 7% 1.070 1.145 1.225 1.311 1.403 8% 1.080 1.166 1.260 1.360 1.469 9% 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.322 1.521 1.749 2011 16% 1.160 1.346 1.561 1.811 2.100 18% 1.180 1.392 1.643 1.939 2.288 20% 1.200 1.440 1.728 2074 2.488 2.313 2.436 6 7 8 9 10 1.062 1.126 1.072 1.149 1.083 1.172 1.094 1.195 1.105 1.219 1.194 1.265 1.340 1.230 1.316 1.407 1.267 1.369 1.477 1.305 1.423 1.551 1.344 1.480 1.629 1.419 1.501 1.504 1.606 1.594 1.718 1.689 1.838 1791 1.967 1.587 1.714 1.851 1999 2.159 1.677 1.828 1.993 2.172 2.367 1.772 1.949 2.144 2.358 2.594 1.974 2.195 2.211 2.502 2.476 2.853 2.7733.252 3.106 3.707 3.059 3.518 4,046 3.278 3.803 4.411 2.700 3.186 3.759 4.436 5.234 2.986 3.583 4.300 5.160 6.192 11 1.116 12 1.127 131.138 14 1.149 1.161 1.243 1.384 1.539 1.268 1.426 1,601 1.294 1.469 1.665 1.319 1.513 1.732 1.346 1.558 1.801 1.710 1.796 1.886 1.980 2.079 1.898 2.105 2.012 2.252 2.133 2.410 2.261 2.579 2.397 2.759 2.332 2.518 2.720 2.937 3.172 2.580 2.813 3.066 3.342 3.642 2.8533.479 3.138 3.896 3.452 4.363 3.797 4.887 4.177 5.474 4.226 4.652 4.8185.350 5.492 6.153 6.261 7076 7.138 8.137 5.117 5.936 6.886 7988 9.266 6.176 7430 7.287 8.916 8.599 10.699 10.147 12.839 11.97315.407 16 17 18 19 20 1.173 1.373 1184 1.400 1.196 1.428 1.208 1.457 1.220 1486 1.605 1.873 2.183 2.540 2.952 1.653 1.948 2.292 2.6933.159 1.702 2.026 2.407 2.854 3.380 1.754 2.107 2.527 3.026 3.617 1.806 2.191 2.653 3.207 3.870 3.426 3.700 3.996 4.316 4.661 3.970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.728 6.130 6.866 7690 8.613 9.646 8.137 9.276 10.575 12.056 13.743 9.358 10.761 12.375 14.232 16.367 10.748 12.468 14.463 16.777 19.461 14.129 16.672 19.673 23.214 27.393 18.488 22.186 26.623 31.948 38.337 25 1.282 1641 2.094 2.666 3.386 4.292 5.427 6.848 8.623 10.835 17.000 26.462 32.919 40.874 62.688 95.396 30 1348 1.811 2.427 3.243 4.322 5.743 7.612 10.063 13.268 17449 29.960 50.950 66.212 85.850 143.370 237.370 Interest Factors for the Future Value of an Annuity of One Dollar ime Period eg year) 1.000 1% 1.000 2.010 3.030 4.060 5.101 1.000 2.020 3.060 4,122 5.204 1.000 2.030 3.091 4.184 5.309 1.000 2.040 3.122 4.246 5.416 1.000 2.050 3.152 1.000 2.060 3.184 9% 1.000 2.090 3.278 4.573 5.985 1.000 2.080 3.246 4.506 5.867 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3.374 4.770 6.353 14% 16% 1.000 1.000 2.140 2.160 3.440 3.506 4.9215.067 6.610 6.877 20% 1.000 2.200 3.640 5.368 7.442 3.215 4.440 5.751 5.526 5.637 8.536 10.730 6.152 7.214 8.286 9.369 10.462 6.308 7434 8.583 9.755 10.950 6.468 7662 8.892 10.159 11.464 6.633 7 898 9 .214 10.583 12.006 6.802 8.142 9.549 11.027 12.578 6.975 8.394 9.897 11.491 13.181 7153 8.654 10.260 11.978 13.816 7 .336 8.923 10.637 12.488 14.487 7.523 7716 9.2009 .487 11.028 11.436 13.021 13.579 15.193 15.937 8.115 10.089 12.300 14.776 17.549 8.978 11.413 14.240 17.518 21.321 9930 12.915 16.499 20.798 25.958 10 16.085 19.337 12 13 11.567 12.683 13.809 14947 16.097 12.169 13.412 14.680 15.974 17.293 12.808 14.192 15.618 17.086 18.599 13.486 15.026 16.627 18.292 20.024 14.207 15.917 17.713 19.599 14.972 16.870 18.882 21.051 15.784 17.888 20.141 22.550 16.645 18,977 21.495 24 215 17.560 20.141 22.953 26.019 29.361 18.531 21.384 24.523 20.655 24.138 28.029 32.393 37.280 23.044 27.271 32.089 37.581 43.842 25.732 30.850 36.786 43.672 51.659 32.150 39.580 48.496 59.195 72.035 31.772 17.258 18.430 19.615 20.811 22.019 18.639 20.157 20.012 21.762 21.41223.414 22.841 25.117 24.297 26.870 21.825 23.698 25.645 27.671 29.778 23.657 25.840 28 132 30.539 33.066 25.673 28.213 30.906 33.760 36.786 27 888 30.840 33.999 37.379 40.995 30.324 33.750 37.450 41.446 45.762 33.003 36.974 41.301 46.018 51.160 35 950 40.545 45.599 51.159 57.275 42.753 48.884 55.750 63.440 72.052 50.980 59.118 68.934 78 969 91.025 60 925 87.442 71.673 105.93 84.140 128.11 98 603 154.74 115.370 186.68 20 28.243 32.030 36.459 41.646 47.727 54.865 63.24973.106 84.701 98.347 133.33 181.87249.210 471.98 66.43979.058 94.461 113.283 136.308 164 494 241.333356.878 530,31011818 30 34.785 40.568 47.575 56,085 Interest Factors for the Present Value of an Annuity of One Dollar Time Period (e.g. year 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 16% 18% 20% 24% 28% 32% 36% 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 2 1.970 1.942 1913 1.886 1.859 1.833 1.808 1.783 1.759 1736 1.690 1.647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 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 4 3.902 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 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 6 7 8 9 10 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 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 2678 2.455 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 2.540 8.566 8.162 7.786 7.4357.108 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 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.6505.216 4.833 4.494 4.193 3.682 3.269 2.930 2.650 11 12 13 14 15 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 11.255 10.575 9.954 9.385 8.863 8.384 7943 7.536 12.134 11.348 10.635 9.986 9.394 8.534 8.358 7904 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 6.805 6.495 5.988 5.453 5.029 4.656 4.327 3.776 3.335 2.978 2.683|| 7.161 6.814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 3.013 2.708 7.487 7.103 6.424 5.842 5.342 4.910 4.533 3.912 3.427 3.040 2.727 7.786 7.367 6.628 6.002 5.468 5.008 4.611 3.962 3.459 3.061 2.740 8.060 7.606 6.811 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 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 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 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9 372 8.756 8.2017.250 6.467 5.818 5.273 4.812 4.080 3.529 3.104 2.767 1917.226 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 2018.046 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 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 30 25.808 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 4979 4.160 3.569 3.124 2.778