Chapter 11 Financial Planning Exercise Amount to invest to meet objectives Use Worksheet 11.1. Ashley Olson is early in her career and is now employed as the managing editor of a well-known business journal. Although she thoroughly enjoy her job and the people she works with the would really like to be a literary agent. She would like to go on her own in about 9 years and figures she'll need about $40,000 in capital to do so, Oive ut she thinks she can make about 11 percent on her money, use Worksheet 11.1 to answer the following questions How much would Ashleybave to invest today, in one lump sum, to end up with $40,000 in 9 years? Round the answer to the nearest cent 5 b. It she's starting from scratch, how much would she have to put away annually to accumulate the needed capital in 9 years? Round the answer to the newest centu 5 C. How about if she already has $5,000 socked away, how much would she have to put away annually to accumulate the recured capital in years) Round the answer to the nearest cent $ d. Given that Ashley has an idea of how much the needs to save, briefly explain how she could use an estment plan to help reach her objective The input in the box below will not be graded, but may be reviewed and considered by your instructor