It accidentally chooses to answer A in requirement 2. Thank you

You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to withdraw $225,000 per year for the next 40 years (based on family history, you think you will live to age 80). You plan to save by making 10 equal annual installments (from age 30 to age 40) into a fairly risky investment fund that you expect will earn 12% per year. You will leave the money in this fund until it is completely depleted when you are 80 years old. (Click the icon to view Present Value of $1 table.) ( Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. How much money must you accumulate by retirement to make your plan work? (Hint: Find the present value of the $225,000 withdrawals.) (Round your final answer to the nearest whole dollar.) To make the plan work, you must accumulate this amount by retirement Requirement 2. How does this amount compare to the total amount you will withdraw from the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have invested These numbers are different because: A. You need to have the same amount accumulated as you will withdraw because you will not earn further interest on your investment when you reach retirement. B. You need to have far less accumulated than what you will withdraw because you only withdraw a portion of the investment every yearthe balance remains invested where it continues to earn 12% interest. C. You need to have far more accumulated than what you will withdraw because you will withdraw a large portion of the investment every yearthe balance remains invested where it continues to earn 12% interest. D. None of the above You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to withdraw S225,000 per year for the next 40 years (based on family history, you think you will live to age 80). You plan to save by making 10 equal annual installments (from age 30 to age 40) into a fairly risky investment fund that you expect will earn 12% per year. You will leave the money in this fund until it is completely depleted when you are 80 years old. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) () (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of S1 table.) - X Reference harewals Round your final answer to the nearest whole dollar) ( Reference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 3 % 5 7% 9% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.857 0.8420.826 0.797 0.769 0.750 0.743 Period 3 0.971 0.942 0.915 0.8890.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 Period 5 0.951 0.908 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.5190.497 0.476 Period 6 0.92 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0.432 0.410 Period 7 0.933 0.871 0.813 0.7600.711 0.665 0.623 0.583 0.5470.513 0.452 0.400 0.376 0.354 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.4040.351 0.327 0.305 Period 9 0.914 0.837 0.766 0.703 0.845 0.592 0.544 0.500 0.460 0.424 0.361 0.308 0.284 0.263 Period 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 10 Period 110.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.38810.350 0.287 0.237 0.215 0.195 Period 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 12 Period 1.879 0.773 0.681 0.601 0.530 0.4690.415 0.368 0.3260.290 0.229 0.1820.163 0.145 13 Period 0.870 0.750 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.160 0.141 0.125 114 Perlod 6.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 15 Period 9.853 0.728 0.623 0.534 0.458 0.394 0339 0.292 0.252 0.218 0.163 0.123 0.107 0.093 16 Darin heulo 710 610 51310 136 10 371 1 7 317 10 270 10 22110 1981 110 10 10 10 nga In ogn 8. n In In Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 2 3 5% 6% 7% 8% 9% 10% 12% 14% 15 7 9 Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.8 Period 2 1.970 1.942 1.913 1.888 1.8591.8331.808 1.783 1.759 1.736 1.6901.647 1.6 Period 3 2.941 2.8842.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.7 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.8 Period 5 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.9933.890 3.791 3.605 3.433 3.3 Period 6 5.795 5.601 5.417 5.2425.076 4.917 4.767 4.623 4.4864.355 4.111 3.889 3.7 Period 7 6.728 6.472 6.230 6.0025.786 5.582 5.389 5.206 5.033 4.888 4.564 4.288 4.1 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.7475.535 5.335 4.968 4.639 4.4 Period 9 8.566 8.1627.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4.7 Period 109.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.0 Period 1110.368 9.7879.253 8.760 8.3067.887 7.499 7.139 6.805 6.495 5.938 5.453 5.2 Period 12 11.255 10.575 9.954 9.3858.863 8.384 7.943 7.5367.1616.814 6.194 5.660 5.4 Period 1312.134 11.348 10.635 9.986 9.3948.853 8.358 7.9047.487 7.103 6.424 5.942 5.5 Period 1413.004 12.106 11.286 10.563 9.899 9.295 8.745 8.2447.786 7.367 6.628 6.002 5.7 Period 1513.865 12.849 11.938 11.11810.380 9.712 9.108 3.559 8.0617.606 6.811 6.142 5.8 Period 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.9 Period 1715.562 14.292 13.166 12.166 11.27410.4771 9.763 9.1228,544 8.022 7.120 6.373 6.0 Period 1816.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.7568.201 7.250 6.467 6.1 Period 1917.226 15.678 14.324 13.134 12.08511.158 10.336 9.604 8.950 8.365 7.366 6.550 6.1 You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to withdraw $225,000 per year for the next 40 years (based on family history, you think you will live to age 80). You plan to save by making 10 equal annual installments (from age 30 to age 40) into a fairly risky investment fund that you expect will earn 12% per year. You will leave the money in this fund until it is completely depleted when you are 80 years old. (Click the icon to view Present Value of $1 table.) Click the icon to view Present Value of Ordinary Annuity of S1 table.) (Click the icon to view Future Value of $1 table.) ) (Click the icon to view Future Value of a Read the requirements Reference Future Value of S1 Requirements 1. How much money must you accumulate by retirement to make your plan work? (Hint: Find the present value of the $225,000 withdrawals.) 2. How does this amount compare to the total amount you will withdraw from the investment during retirement? How can these numbers be so different? Print Done Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% % 6% 8% 9% % Period 1 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 Period 2 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 Period 3 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 Period 4 1.041 1.082 1.126 1.170 1.216.262 1.311 1.360 1.412 1.464 1.574 1.6891.749 Period 5 5 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 Period 6 1.062 1.126 1.194 1.285 1.340 1.419 1.501 1.597 1.677 1.772 1.9742.195 2.313 Period 7 1.072 1.149 1.230 1.316|1.407 1.504 1.606 1.7141.828 1.949 2.211 2.502 2.660 Period 8 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 Period 9 1.094 1.195 1.305 1.423 1.551 1.689 1.836 1.999 2.172 2.358 2.7733.252 3.518 Period 10 1.105 1.219 1.344 1.480 1.6291.791 1.967 2.159 2.367 2.594 3.106 3.707|4.046 Period 11 1.116 1.243 1.384 1.539 1.7101.898 2.105 2.332 2.580 2.853 3.479 4.2264.652 Period 12 1.127 1.268 1.426 1.601 1.7962.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 Period 131.138 1.294 1.469 1.665 1.886|2.133 2.410 2.720 3.066 3.452 4.363 5.492 6.153 Period 14 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 4.887 6.261 7.076 Period 15 1.161 1.346 1.558 1.8012.0792.397 2.759 3.1723.642 4.177 5.474 7.1388.137 Period 16 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 Period 17 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 6.866 9.276 10.76 Period 18 1.196 1.428 1.702 2.0262.407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.39 Period 19 1.208 1.457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 14.23 Period 20 1.220 1.486 1.808 2.1912.653 3.207 3.870 4.681 5.604 6.727 9.646 13.74 16.37 Period 21 1.232 1.516 1.860 2.2792.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 Period 22 1.245 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to withdraw $225,000 per year for the next 40 years (based on family history, you think you will live to age 80). You plan to save by making 10 equal annual installments (from age 30 to age 40) into a fairly risky Investment fund that you expect will earn 12% per year. You will leave the money in this fund until it is completely depleted when you are 80 years old. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of S1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. How much money must you accumulate by retirement to make your plan work? (Hint Find the present value of the $225,000 withdrawals.) (Round your final answer to the nearest whole dollar.) To make the plan work, you must accumulate this amount by retirement Requirement 2. How does this amount compare to the total amount you will withdraw from the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have invested These numbers are different because: OA. You need have the same amount accumulated as you will $225,000 OB. You need to have far less accumulated than what you will with OC. You need to have for more accumulated then what you will wit the future value OD. None of the above the present value earn further interest on your investment when you reach retirement. raw a portion of the investment every yearthe balance remains invested where it continues to earn 12% Interest. raw a large portion of the investment every yearthe balance remains invested where it continues to earn 12% interest