Chris Jones wishes to have $200,000 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.

1. If he can earn 8 percent on his investments, how much must Chris deposit today to create the retirement fund? Round PV-factor to three decimal places. Round your answer to the nearest cent. Calculate your answer based on the PV-factor.

   $

   Calculate your answer based on the financial calculator.

   $

3. If he can earn only 6 percent on his investments? Round PV-factor to three decimal places. Round your answer to the nearest cent. Calculate your answer based on the PV-factor.

   $

   Calculate your answer based on the financial calculator.

   $

5. If upon retirement in 30 years Chris plans to invest the $200,000 in a fund that earns 6%, what is the maximum annual withdrawal he can make over the following 20 years? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate your answer based on the PVA-factor.

   $

   Calculate your answer based on the financial calculator.

   $

7. How much would Chris need to have on deposit at retirement to annually withdraw $35,000 over the 20 years if the retirement fund earns 6%? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate your answer based on the PVA-factor.

   $

   Calculate your answer based on the financial calculator.

   $

9. To achieve his annual withdrawal goal of $35,000 calculated in part c, how much more than the amount calculated in part a must Chris deposit today in an investment earning 6% annual interest? Round PVA-factor to three decimal places. Round your answer to the nearest cent. If an amount is zero, enter "0".

   $