Dina is 45 yeaors old. No retirement savings. First payment coming one year from now for retirement saving. she can save 15,000 per year. will invest that amount in stock, expected to yield and average annual amount return of 12.00%. rate constant for the rest of her life. ordinary annuity.

Dina expects to live for another 20 years if she retires at age 70, with the same expected percent return on investments in the stock market. Use the following table to indicate which values you should enter on your financial calculator. For example, if you are using the value of 1 for N, use the selection list above N in the table to select that value. Input Amount saved for retirement by age 70 Keystroke I/Y PV PMT FV 0 N Output 2 Using a financial calculator, you can calculate that Dina can withdraw assuming a fixed withdrawal each year and $0 remaining at the end of her life. at the end of each year after retirement at age 70