Downvote if you copy from chegg already solved Solution. Its wrong.

Please answer it correctly asap it's too urgent . Solve this correctly I will definitely appreciate it by upvotes Don't copy plz !

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Jamie Lee and Ross, now 57 and still very active, have plenty of time on their hands now that the triplets are away at college. They both realized that time has just flown by; over twenty-four years have passed since they married!

Looking back over the past years, they realized that they have worked hard in their careers, Jamie Lee as the proprietor of a cupcake caf and Ross, self-employed as a web-page designer. They have enjoyed raising their family and strived to be financially sound as they are looking to retirement that is just around the corner. They saved regularly and invested wisely over the years. They rebounded nicely from the economic crisis over the past few years, as they watched their investments closely and adjusted their strategies when they felt it necessary. They purchase vehicles with cash and do not carry credit card balances, choosing instead to use them for convenience only. The triplets are pursuing their masters degrees and have tuition covered through work/study programs at the university.

Jamie Lee and Ross are just a few short years from realizing their goals of retiring at 65 and purchasing a home at the beach!

They are reviewing their financial situation to ensure they will be ready for retirement. They anticipate being able to live comfortably with 80% of their current expenses. The rate of return on their investments until they retire is 3%. They expect this percentage to drop to 2% after retirement. Use this information, along with Exhibit 1-A, Exhibit 1-B, and the information provided below to determine the annual deposit amount Jamie Lee and Ross will need to make until they retire in order to make up the shortfall between their estimated expenses and income needed during retirement. Each answer must have a value for the assignment to be complete. Enter "0" for any unused categories.

This is the wrong answer I got Everytime plz don't post this solution again .

Please talented experts answer this correctly fast . I will appreciate who solve this correctly

EXHIBIT 1-A Future value (compounded sum) of $1 after a given number of time periods Period 1% 2% 5% 6% 9% 10% 11% 1 2 3 1.020 1.040 8% 1.080 1.166 1.061 1.260 4 5 6 1.010 1.020 1.030 1.041 1.051 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.100 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2.358 2.594 7 8 9 10 1.082 1.104 1.126 1.149 1.172 1.195 1.219 1.243 1.268 1.294 1.319 1.346 1.373 1.400 1.428 1.457 11 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 2.094 2.427 3.262 4.384 7% 1.070 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2252 2.410 2.579 2.759 2.952 3.159 3,380 3.617 4% 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 1,873 1.948 2.026 2.107 2.191 2.666 3.243 4.801 7.107 1.050 1.103 1.158 1.216 1.276 1.340 1.407 1.477 1.551 1.620 1.710 1.796 1.886 1.980 2.079 2.183 2292 2.407 2.527 2.653 3.386 12 13 1.060 1.124 1.191 1.262 1.338 1419 1.504 1.594 1.689 1.791 1.898 2012 2.133 2.261 2.397 2540 2.693 2854 3.026 3.207 4.292 5.743 10.286 18.420 1.360 1.469 1.587 1.714 1.851 1.999 2159 2.332 2518 2720 2.937 3.172 3.426 3.700 3.996 4.316 1.090 1.188 1.295 1.412 1.539 1.677 1.828 1.993 2.172 2367 2.580 2.813 3.066 3.342 3.642 3.970 4.328 4.717 5.142 5.604 8.623 13.268 31.409 74.358 1.110 1.232 1.368 1.518 1.685 1.870 2.076 2.305 2558 2.839 3.152 3.498 3.883 4310 4.785 5.311 5.895 6,544 7263 8.062 13.585 22892 65.001 184.570 1.149 14 15 16 17 18 19 2.853 3.138 3.452 3.797 4.177 4.595 5.054 5.560 6.116 6.727 10.835 17.449 45.259 117.390 1.161 1.173 1.184 1.196 1.208 1.220 1.282 1.348 1.489 1.645 1.486 3.870 4.661 20 25 30 4.322 1.641 1.811 2.208 2.692 5.427 7.612 14.974 29.457 6.848 10.063 21.725 46.902 40 7.040 11.467 50 Period 14% 1 2 1.602 1.685 3 4 5 13% 1.130 1.277 1.443 1.630 1.842 2.082 2.353 2658 3.004 3.395 3,836 6 1.140 1.300 1.482 1.689 1.925 2.195 2.502 2853 3.252 3.707 4.226 2.565 7 8 9 10 11 12% 1.120 1.254 1.405 1.574 1.762 1.974 2.211 2.476 2.773 3.106 3.479 3.896 4.363 4.887 5.474 6.130 6.866 7.690 8.613 9.646 17.000 29.960 03.051 289.000 4.335 12 13 14 4.818 15% 1.150 1.323 1.521 1.749 2011 2.313 2.660 3.059 3.518 4,046 4.652 5.350 6.153 7,076 8.137 9.358 10.761 12.375 14.232 16.367 32.919 66.212 267.860 1.083.700 16% 17% 1.160 1.170 1.346 1.369 1.561 1.811 1.874 2.100 2.192 2.436 2.826 3.001 3.278 3,511 3.803 4.108 4.411 4.807 5.117 5.624 5.936 6.580 6.886 7.699 7.988 9.007 9.266 10.539 10,748 12.330 12.468 14.42 14.463 16.879 16.777 19.748 19.461 23.106 40.874 50.658 85.850 111.070 378.720 533.870 1.670.700 2,566.200 18% 19% 20% 1.180 1.190 1.200 1.392 1.416 1.440 1.643 1.728 1.939 2005 2074 2.288 2.336 2.488 2.700 2840 2.986 3.185 3.379 3.583 3.759 4,021 4,300 4.435 4.785 5.160 5.234 5696 6.192 6,176 6,777 7.430 7.288 8.064 8.916 8.599 9.596 10.699 10.147 11.420 12.839 11.974 13.590 15.407 14.129 16.172 18.488 16,672 19.244 22.186 19.673 22091 26.623 23.214 27252 31.948 27.393 32.429 38.338 62.669 77.388 95.396 143.370 184.680 237.380 750.380 1,051.700 1.469.800 3,927 400 5.998.900 9,100.400 25% 30% 1.250 1.300 1.563 1.690 1.953 2.197 2.441 2856 3.052 3.713 3.815 4.827 4.768 6.276 5.960 8.157 7.451 10.604 9.313 13.786 11.642 17.922 14.552 23.298 18.190 30.288 22.737 39.374 28.422 51.186 35.527 66.542 44.409 86.504 55.511 112460 69.389 146.190 86.736 190.050 264.700 705.640 807.790 2,620.000 7,523.200 36,119.000 70,065.000 497.929.000 4.898 5.535 15 16 17 18 5.492 6.261 7.138 8.137 9.276 10,575 12.056 13.743 26.462 50.950 188,880 700.230 6.254 7.067 7.986 9.024 10.197 11.523 21.231 39.116 132.780 450.740 19 20 25 30 40 50 EXHIBIT 1-B Future value (compounded sum) of $1 paid in at the end of each period for a given number of time periods (an annuity) Period 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2 2.020 2.070 2.010 3.030 2.090 2.030 3.091 1.000 2.060 3.184 2.040 3.122 4.246 2.050 3.153 2.080 3.246 2.100 3.310 2.110 3.342 3 3.215 3.278 4 4.506 4.641 4.710 4.060 5.101 4.184 5.309 4.375 5.637 4.573 5.985 5 5.416 6.105 6.228 6 7.913 9.783 7 3.060 4.122 5.204 6.308 7.434 8.583 9.755 10.950 12.169 13.412 6.152 7.214 8.286 9.369 10.462 11.567 12.683 13.809 8 4.440 5.751 7.153 8.654 10.260 11.978 13.816 6.468 7.662 8.892 10.159 11.464 12.808 14.192 4.310 5.526 6.802 8.142 9.549 11.027 12.578 14.207 15.917 6.975 8.394 9.897 11.491 13.181 5.867 7.336 8.923 10.637 12.488 14.487 16.645 18.977 7.523 9.200 11.028 13.021 15.193 9 7.716 9.487 11.436 13.579 15.937 18.531 11.859 14.164 16.722 10 11 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 21.825 23.698 25.645 14.972 15.784 17.888 17.560 20.141 19.561 22.713 12. 16.870 13 14.680 15.618 20.141 21.495 17.713 19.599 18.882 21.015 22.953 26.019 26.212 30.095 14 14.947 22.550 21.384 24.523 27.975 31.772 35.950 15 15.974 17.293 18.639 16.097 17.258 29.361 17.086 18.599 20.157 21.762 23.414 21.579 23.657 23.276 25.673 16 25.129 27.888 30.840 34.405 39.190 33.003 36.974 17 20.012 25.840 28.213 40.545 44.501 18 21.412 28.132 30.906 33.999 41.301 50.396 18.430 19.615 20.811 22.019 28.243 19 45.599 51.159 22.841 33.760 37.379 46.018 24.215 27.152 30.324 33.750 37.450 41.446 45.762 73.106 113.280 259.060 573.770 27.671 29.778 25.117 26.870 36.459 30.539 33.066 56.939 64.203 20 24.297 40.995 57-275 51.160 84.701 25 41.646 47.727 63.249 98.347 114.410 32.030 40.588 36.786 54.865 79.058 154.760 30 34.785 47.575 75.401 66.439 120.800 40 56.085 95.026 152.670 136.310 337.890 48.886 60.402 94.461 199.640 406.530 164,490 442.590 1.163.900 199.020 581.830 1,668.800 50 64.463 84.579 112.800 209.350 290.340 815.080 Current Expense Amounts (Jamie Lee and Ross Combined) Fixed expenses: $3,100/month Variable expenses: $2,100/month Estimated Income Amounts (Jamie Lee and Ross Combined) Social Security: $2,200/month Current IRA balance: $90,000 Estimated IRA withdrawal: $200/month Other investments: $26,900/year Estimated Annual Retirement Living Expenses Estimated annual living expenses if retiring today Number of years until retirement Expected annual rate of return before retirement Future value (use Exhibit 1-A) Projected annual retirement living expenses, adjusted for inflation (Round your final answer to nearest whole number.) X (A) Estimated Annual Income at Retirement Social Security income Company pension, personal retirement account income Investment and other income Total retirement income (Round your final answer to nearest whole number.) (B) (C) Needed investment fund after retirement (A-B) (Round your final answer to nearest whole number.) Number of years until retirement Expected annual rate of return before retirement Future value for a series of deposits (use Exhibit 1-B) Annual deposit to achieve needed investment fund (C/D) (Round your final answer to two decimal places.) (D) PAGE NO.: Particulars Amount (int) 80_40) 5,200 8 3 oo 1-267 1018668 Estimated annual ring experte Estimated annual retirement living expese if retiring today Nog ys intiu retirmat Expected annual rake Luture value Projected annual returnet expose (A) Estimated annual income at Retinet social security inume company pesiar Investment & other income Total retirement in come 18) Needed investment fund ofte retornat (A-B) co Nog ys Expected annued gott Eutture value of series of deposit CD) Arrua dep cesit needed to otheque investment fund off 26,400 2.400 26,900 55,700 46,166.8 30% 8892 519/-95 rounded $ 5192