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Financial planning case 13-4 A First-Time Investor Gets a Head Start: Lucia Gomez, a flight attendant from Kent, Ohio, is thinking about jump-starting her retirement

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Financial planning case 13-4 A First-Time Investor Gets a Head Start: Lucia Gomez, a flight attendant from Kent, Ohio, is thinking about jump-starting her retirement savingo plan by investing the t49, o00 gift that her elderly unde gave her. She also wants to invest $3,000 a year for the next 27 years for rebrement, Lucia knows little obout ifvestments and does not seem to have p big defare to learn. 1. If Lutas 549,000 is invested in a standard investment occount and her $3,000 yeafly is ifvested in a tax-theltered account, with each account growing at 8 pereent annually for 27 years, how much money will ahe heve accumelated in esch account? 5 the is if 25 percent tax bracket. (hint: Adfust the lump-sum itivestment for 25 percent taxes. Use Appendix A.1, Appentix A-3.) Round your answers to the nearest dollac Reund Future Value of a Series of Equal Amounts and Future Value of a Single Amourt in intermediate calculations to four decimal places. Standard investment accounti Tax-theltered socsunts 5 Financial planning case 13-4 A First-Time Investor Gets a Head Start: Lucia Gomez, a flight attendant from Kent, Ohio, is thinking about jump-starting her retirement savingo plan by investing the t49, o00 gift that her elderly unde gave her. She also wants to invest $3,000 a year for the next 27 years for rebrement, Lucia knows little obout ifvestments and does not seem to have p big defare to learn. 1. If Lutas 549,000 is invested in a standard investment occount and her $3,000 yeafly is ifvested in a tax-theltered account, with each account growing at 8 pereent annually for 27 years, how much money will ahe heve accumelated in esch account? 5 the is if 25 percent tax bracket. (hint: Adfust the lump-sum itivestment for 25 percent taxes. Use Appendix A.1, Appentix A-3.) Round your answers to the nearest dollac Reund Future Value of a Series of Equal Amounts and Future Value of a Single Amourt in intermediate calculations to four decimal places. Standard investment accounti Tax-theltered socsunts 5

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