Hi I need help on all of them a-e.

You are trying to decide how much to save for retirement. Assume you plan to save $ 5,000

$5,000 per year with the first investment made one year from now. You think you can earn 9.5

9.5?% per year on your investments and you plan to retire in??40

40 ?years, immediately after making your last $ 5 comma 000

$5,000 investment.

a. How much will you have in your retirement account on the day you?retire?

b.?If, instead of investing $ 5 comma 000

$5,000 per?year, you wanted to make one?lump-sum investment today for your retirement that will result in the same retirement?saving, how much would that lump sum need to?be?

c. If you hope to live for 17

17 years in?retirement, how much can you withdraw every year in retirement?(starting one year after?retirement) so that you will just exhaust your savings with the 17

17th withdrawal?(assume your savings will continue to earn 9.5

9.5?% in?retirement)?

d.?If, instead, you decide to withdraw $ 387 comma 000

$387,000 per year in retirement?(again with the first withdrawal one year after?retiring), how many years will it take until you exhaust your?savings? (Use?trial-and-error, a financial?calculator: solve for?"N", or?Excel: function?NPER)

e. Assuming the most you can afford to save is $ 1 comma 000

$1,000 per?year, but you want to retire with $ 1 comma 000 comma 000

$1,000,000 in your investment?account, how high of a return do you need to earn on your?investments? (Use?trial-and-error, a financial?calculator: solve for the interest?rate, or?Excel: function?RATE)

;. uuesuun Help v You are trying to decide how much to save for retirement. Assume you plan to save $5.000 per year with the rst investment made one year from now. You think you can earn 95% per year on your investments and you plan to retire in 40 years, immediately alter making your last $5.000 investment. a. How much will you have in your retirement account on the day you retire? b. If, instead of investing $5,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be? c. If you hope to live for 17 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 17th withdrawal (assume your savings will continue to earn 9.5% in retirement)? d. If. instead, you decide to withdraw $387,000 per year in retirement (again with the rst withdrawal one year alter retiring). how many years will it take until you exhaust your savings? (Use trial-and-enor. a nancial calculator: solve for "N'. or Excel: function NPER) 0. Assuming the most you can afford to save is $1,000 per year, but you want to retire with $1,000,000 in your investment account how high of a return do you need to earn on your investments? (Use trialand-error, a nancial calculator. solve for the interest rate, or Excel: function RATE) a. How much will you have in your retirement account on the day you retire? The amount in the retirement account in 40 years would be $ . (Round to the nearest cent.) b. If, instead of investing $5,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be? You will need to make one lump sum investment today of $ . (Round to the nearest cent) c. If you hope to live for 17 years in retirement. how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 17th withdrawal (assume your savings will continue to earn 95% in retirement)? The amount you can withdraw every year in retirement is $ . (Round to the nearest cent.) d. If, instead, you decide to withdraw $387,000 per year in retirement (again with the rst withdrawal one year after retiring), how many years will it take until you exhaust your savings? (Use trialanderror, a nancial calculator: solve for 'N', or Excel: function NPER) You will exhaust your savings in years, (Round to two decimal places.) 5. Assuming the most you can afford to save is $1,000 per year. but you want to retire with $1.000,000 in your investment account. how high of a return do you need to earn on your investments? (Use trialand-error, a nancial ulculaton solve for the interest rate, or Excel: function RATE) You will need a return of %. (Round to two decimal places.)