Austin Miller wishes to have $1,000,000 in a retirement fund 30 years from now. He can create the retirement fund by making a single lump-sum deposit today. Use next table to solve the following problems.

If upon retirement in 30 years, Austin plans to invest $1,000,000 in a fund that earns 4%, what is the maximum annual withdrawal he can make over the following 25 years? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate your answer based on the PVA-factor.

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Calculate your answer based on the financial calculator.

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How much would Austin need to have on deposit at retirement in order to withdraw $30,000 annually over the 25 years if the retirement fund earns 4%? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate your answer based on the PVA-factor.

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Calculate your answer based on the financial calculator.

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To achieve his annual withdrawal goal of $30,000 calculated in part b, how much more than the amount calculated in part a must Austin deposit today in an investment earning 4% annual interest? Round PVA-factor to three decimal places. Round your answer to the nearest cent. If an amount is zero, enter "0".

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