Exam 1 149:50 Back to Assignment Attempts Score: /8 1. Problem 7-03 eBook Problem 7-03 A 35-year-old woman decides to put funds into a retirement plan. She can save $3,000 a year and earn 5 percent on this savings. How much will she have accumulated If she retires at age 65? Use Appendix C to answer the question. Round your answer to the nearest dollar At retirement how much can she withdraw each year for 25 years from the accumulated savings if the savings continue to earn 5 percent? Use Appendix D to answer the question. Round your answer to the nearest dollar d Float Save &Continue Continue without saving clew Interest Factors for the Future Value of an Annuity of One Dollar Time Period (e.g. year) 16 % 1.000 2.160 3.506 5.067 20% 14% 12% 10% 6 % 9% 7% 8% 1% 2 % 4% 5% 3% 1.000 2.200 3.640 5.368 1.000 2.140 3.440 4.921 1.000 2,120 3.374 4.770 6.353 1.000 2.100 3.310 4.641 6.105 1.000 2.070 3215 4.440 5.751 1.000 2.080 3.246 4.506 5.867 1.000 2.090 3.278 4573 5.985 1.000 1.000 2.020 3.060 4.122 5.204 1.000 2.030 3.091 4.184 1.000 1.000 1.000 2.050 3.152 4.310 5.526 2.060 2.040 2 2.010 3.184 3.122 3.030 4.246 5.416 4.375 5.637 4 4.060 7.442 6.610 6.877 5.309 5.101 9.930 7716 9.487 11.436 13.579 15.937 8.536 10.730 13.233 16.085 19.337 8.978 8.115 7523 9.200 7.153 8.654 10.260 11.978 13.816 7.336 6.468 7.662 8.892 6.802 8.142 9.549 6.975 8.394 9.897 11.491 13.181 6.308 7.434 8.583 6.633 7898 9.214 10.583 12.006 6,152 7214 8.286 9.369 10.462 12.915 16.499 20.798 25.958 6 11.413 14.240 17.518 21.321 10.089 12.300 8.923 10.637 12.488 14.487 11.028 13021 15.193 14.776 17.549 11.027 9.755 10.950 10.159 12.578 11.464 10 32.150 39.580 48.496 59.195 25.732 30.850 36.786 23.044 20.655 24.138 28.029 32.393 37.280 17.560 18.531 15.784 16.645 18.977 21.495 14.207 15.917 17.713 19.599 21.579 14.972 13.486 15.026 16.627 11.567 12.683 13.809 14.947 16.097 12.808 14.192 15.618 17.086 18.599 12.169 11 21.384 24.523 27975 27.271 16.870 18 882 21.051 20.141 17.888 13.412 14.680 15.974 17.293 12 32.089 22.953 26.019 20.141 22.550 25.129 13 14 43.672 51.659 37.581 24.215 18.292 72.035 43.842 29.361 31.772 27.152 23.276 20.024 15 87.442 35.950 40.545 45.599 51.159 57.275 42.753 48 884 55.750 63.440 72.052 60.925 71.673 105.93 84.140 128.11 98.603 154.74 115.370 186 68 30.324 33.750 37.450 41.446 45 762 50.980 59.118 68.934 78.969 91.025 27.888 30.840 33.999 37.379 40.995 33.003 36.974 23.657 25.840 25.673 28.213 30.906 33.760 36 786 20.157 21.762 23.414 25.117 26.870 21.825 23.698 25.645 27.671 29.778 17.258 18.430 18.639 16 20.012 21.412 22.841 24.297 17 41 301 46.018 51.160 28.132 30.539 33.066 19.615 18 19 20 20.811 22.019 98.347 133 33 181.87 249.210 471.98 73.106 84.701 54.865 63.249 41.646 47.727 36 459 32.030 25 28.243 136.308 164 494 241 333356.878 530.310 11818 94.461 113 283 79.058 56.085 66.439 34.785 40.568 47.575 30 Interest Factors for the Present Value of an Annuity of One Dollar Time Period 36% (e.g year) 32% 14 % 20% 24% 28% 12 % 16 % 10 % 18% 9% 5% 6% 7% 8% 2% 3% 4% 1% 0.990 0980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 1.970 1.942 1913 1.886 1.859 1.833 1.808 1783 1.759 1.736 1.690 1.647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.246 2.174 2.106 1.981 1.868 1.766 1.674 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1.966 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2.532 2.345 2.181 1 2 3 4 5.795 5.601 5.417 5.242 5.076 4.917 4.766 4.623 4.486 4.355 4.111 3.889 3.685 3.498 3.326 3.020 2.759 2.534 2.399 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4564 4.288 4.039 3.812 3.605 3.242 2.937 2.678 2.455 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.344 4.078 3.837 3.421 3.076 2.786 2.540 8.566 8,162 7.786 7.435 7.108 6.802 6.515 6.247 5.985 5.759 5.328 4.946 4.607 4.303 4.031 3.566 3.184 2.868 2.603 6 7 8 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 4.833 4.494 4.193 3.682 3.269 2.930 2.650 10 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.988 5.453 5.029 4.656 4.327 3.776 3.335 2.978 2.683 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 3.013 2.708 13 12.134 11.348 10.635 9.986 9.394 8.534 8.358 7.904 7.487 7.103 6.424 5.842 5.342 4910 4.533 3.912 3.427 3.040 2.727 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7786 7.367 6.628 6.002 5.468 5.008 4.611 3.962 3.459 3.061 2.740 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.060 7.606 6.811 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 15 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.312 7.824 6.974 6.265 5.669 5.162 4.730 4.003 3.503 3.088 2.758 16 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.002 7.120 6.373 5.749 5.222 4.775 4.059 3.518 3.097 2.763 16.398 14992 13.754 12 659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 5.818 5.273 4.812 4.080 3.529 3.104 2.767 17 18 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 5.877 5.316 4.844 4.097 3.539 3.109 2.770 19 20 18.046 16.351 14.877 13.590 12 462 11.470 10.594 9.818 9.128 8.514 7.469 6.623 5.929 5.353 4.870 4.110 3.546 3.113 2.772 25 22.023 19.523 17413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7843 6.873 6.097 5.467 4.948 4.147 3.564 3.122 2.776 30 25.808 22.937 19.600 17.292 15.373 13.765 12.409 11.258 10.274 9.427 8.055 7003 6.177 5517 4979 4.160 3.569 3.124 2.778