dTap - Ceng X MindTap - Ceng x Kyle Need Airon X M Inbox (369) - m x M Please Confirm X Flight Booking X New Tab .com/staticb/ui/evo/index.html?deploymentld=6000992381502469255634719167&elSBN=9780357438503&id=1855716346&s... 0 New Tab C Chegg.com Course Modules:... Texas women univ... Accounts | Midlan... M 20+ new Custome... dallas county coll... CENGAGE | MINDTAP Q Assignment: Chapter 14 Planning for Retirement Attempts 0 0 Keep the Highest 0 / 4 6. Projecting retirement income and the investment needs worksheet Estimating Future Retirement Needs Li and Courtney know that you are completing a personal finance course and that you understand how to complete a Projecting Retirement Income and Investment Needs worksheet. They have gathered the following information for you: Both Li and Courtney are 40 years old and plan to retire Li will have worked at Target for his entire career and will when they reach age 65. have an annual pension amount of $21,025. Their estimated level of annual current household Courtney will have worked at General Electric for her entire expenditures is $62,500. They estimate that they will need career and will have an annual pension amount of $12,500. 90% in retirement. They will receive $1,556 per month of Social Security Based on their Internet research, they will use 6% as the income and no other sources of income (except pension). average annual inflation rate for retirement calculations. They talked with friends and believe that 8% is a realistic After contacting their savings and loan, they found out a rate of return on their investments once they retire. savings account is currently paying 5%. Use the following tables to identify the necessary future value interest factors. Interest Factors-Future Value Interest Factors-Future Value of an Annuity MacBook Pro + C Q Search sQout % & $ O 4 5 6 8 P T Y U 0 R