Consider the table to the right. Suppose that you are planning your Discounted Present Values of $1 retirement. The appropriate interest rate for computing the present Year 3% 5% 8% 10% 20% values of future dollars to be received is 8 percent, and you plan to 0.9709 0.9524 0.9259 0.9091 0.8333 "cash in" all of what you save for retirement this year in exactly 40 0.9426 0.9070 0.8573 0.8264 0.6944 years. How many dollars would you have to save this year to ensure being able to have a total of $30,000 accumulated 40 years from now? 0.9151 0.8638 0.7938 0.7513 0.5787 pre 0.8885 0.8227 0.7350 0.6830 0.4823 Since you want to have $30,000 available 40 years from now for your 0.8626 0.7835 0.6806 0.6209 0.4019 60 00 - ) OF A W N pre retirement, you would need to save $ this year in order to meet 0.8375 0.7462 0.6302 0.5645 0.3349 0.7107 0.5835 0.5132 0.2791 your goal. (Enter your response rounded to the nearest whole 0.8131 0.7894 0.6768 0.5403 0.4665 0.2326 number.) 0.7664 0.6446 0.5002 0.4241 0.1938 pre 10 0.7441 0.6139 0.4632 0.3855 0.1615 15 0.6419 0.4810 0.3152 0.2394 0.0649 20 0.5537 0.3769 0.2145 0.1486 0.0261 pre 25 0.4776 0.2953 0.1460 0.0923 0.0105 30 0.4120 0.2314 0.0994 0.0573 0.0042 40 0.3066 0.1420 0.0460 0.0221 0.0007 bre 50 0.2281 0.0872 0.0213 0.0085 0.0001 pre pre pre pre Next 1- 35 of 35 G EE "tv MacBook Air DII DD 888 F11 F12 F6 F7 F8 F9 F10 F4 F5 % A & O de 5 8 9 P R T Y U O F G H J K L