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i need this asap please The Smiths save $13,000 per year for retirement. They are now in their mid-thirties, and they expect to have $1
i need this asap please
The Smiths save $13,000 per year for retirement. They are now in their mid-thirties, and they expect to have $1 milion in today's dollars saved by the time they're in their mid-sixties. If their market interest rate is 5% per year, inflation averages 1% a year, and they save for 30 years, is their financial plan possible? Click the icon to view the interest and annuity table for discrete compounding when /= 5% per year. Click the icon to view the interest and annulty table for discrete compounding when = 1% per year. The purchasing power in today's dollars of the Smiths' savings is thousand (Round to wo decimal places) 2 N 5 10 15 20 25 30 35 40 45 50 55 Discrete Compounding; i = 5% Single Payment Uniform Series Compound Compound Sinking Amount Present Amount Present Fund Factor Worth Factor Factor Worth Factor Factor To Find F To Find P To Find F To Find P To Find A Given P Given F Given A Given A Given F F/P P/F FIA PIA A/F 1.2763 0.7835 5.5256 4.3295 0.1810 1.6289 0.6139 12.5779 7.7217 0.0795 2.0789 0.4810 21.5786 19.3797 0.0463 2.6533 0.3769 33.0660 12.4622 0.0302 3.3864 0.2953 47.7271 14.0939 0.0210 4.3219 0.2314 66.4388 15.3725 0.0151 5.5160 0.1813 90.3203 16.3742 0.0111 7.0400 0.1420 120.7998 17.1591 0.0083 8.9850 0.1113 159.7002 17.7741 0.0063 11.4674 0.0872 209.3480 18.2559 0.0048 14.6356 0.0683 272.7126 18.6335 0.0037 18.6792 0.0535 353.5837 18.9293 0.0028 Capital Recovery Factor To Find A Given P A/P 0.2310 0.1295 0.0963 0.0802 0.0710 0.0651 0.0611 0.0583 0.0563 0.0548 0.0537 0.0528 60 e inte inte day N 5 10 15 20 25 30 35 40 45 En Discrete Compounding: /- 1% Single Payment Uniform Series Compound Compound Capital Amount Present Amount Present Sinking Fund Recovery Factor Worth Factor Factor Worth Factor Factor Factor To Find F To Find P To Find F To Find P To Find A To Find A Given P Given F Given A Given A Given F Given P F/P P/F FIA PIA AF A/P 1.0510 0.9515 5.1010 4.8534 0.1960 0.2060 1.1046 0.9053 10.4622 9.4713 0.0956 0.1056 1.1610 0.8613 16.0969 13.8651 0.0621 0.0721 1.2202 0.8195 22.0190 18.0456 0.0454 0.0554 1.2824 0.7798 28.2432 22.0232 0.0354 0.0454 1.3478 0.7419 34.7849 25.8077 0.0287 0.0387 1.4166 0.7059 41.6603 29.4086 0.0240 0.0340 1.4889 0.6717 48.8864 32.8347 0.0205 0.0305 1.5648 0.6391 56.4811 36.0945 0.0177 0.0277 tee neoon CA 49 20 4004 ALE OLE Step by Step Solution
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