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(Click the icon to view Present Value of S1 tecle.) (Cick the icon to vew Present Value of Ordinary Annulty of $1 table.] (Clirk the
(Click the icon to view Present Value of S1 tecle.) (Cick the icon to vew Present Value of Ordinary Annulty of $1 table.] (Clirk the imon to virew Future Walue of $1 table.) (Clirk the iron to vimu Future Walue af Ordinary Arnuity of $1 tatike-) Rrard the To meke the plan work, you must socumulate this amount by retirement Requirement 2. Haw dose this amount compare to the todal amount yeu will withdraw frem the inwestment during retirement? How can thesee nurnbers he so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have Invested These numbers are different decause: C. Yau need to have the sarne arnaunt accurnulated as you will wilhtiraw because you will not eam further inlerest cri your investmerit when you reach rediremeril D. Nares of the abcoes Requirements 1. How much money must you accumulate by retirement to make your plan work? (hnt: Find the present velue of the $235,000 withdravels.) 2. How dees this amcunt compsre to the botal amrount you will withdraw from the investrient during relirement? Haw Gan these rustuers te sa different? Reference Reference Reference Reference
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