Janet Woo decided to retire to Florida In 6 years. What amount should Janet invest today so she can withdraw $47,500 at the end of each year for 20 years after she retires? Assume Janet can invest money at 6% compounded annually. (Use the Table 13.2 and Table 12.3.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value TABLE 13-2 Present value of an annuity of $1 Period 2% 39. 4% 5% 6% 7% 2 3 4 5 2 8 9 10 11 12 13 0.9804 09709 0.9615 0.9524 19416 19135 18861 18564 28839 28286 2.7751 27232 3.8077 37171 36299 3.5459 47134 45797 4.4518 3295 56054 5.4172 52421 50757 8,4720 62303 6.0021 57864 73255 70197 6.7327 5.4632 8.1622 77861 74353 7. 1078 5826 8.5302 8.1109 77217 93868 92626 87505 8:3034 10.5753 99640 9.3951 88632 413483 10.6350 9.9856 93936 12.1062 11. 2061 1063 98986 129492 19770 Ft 1584 103795 13 5772 125611 51.6523 108378 2018 13.166 121657 112741 149920 13.7535 12 6592 156896 155704 13238 131339120953 16514 158775 136903124522 795244174131 15:52 140939 223954 196004 12920 153722 273554 19,79281HD at 43269 214872 18.2550 0.9434 0.9346 78334 18080 2.6730 2.6243 34651 33872 42124 4.1002 4.9173 47665 5.5824 5.3893 62098 5.9713 G87 5152 7.3601 70736 7.8869 74987 3838 7.9422 8597 33575 9.2950 B2455 92127 9 1079 10.1059 94665 106773 9762 108276 100501 11.1591103356 11.4590 10.5940 127834 13745 2009 150063182312 15751013102 8% 9% 10% 11% 12% 13% 09259 09174 09091 0.9009 0.8929 08850 1.7833 1.7591 17355 1.7125 1 6901 1 6681 25771 25313 24869 24437 24018 23612 33121 3.2397 3.16993.1024 30373 2.9745 39927 3.8897 37908 3.6959 3 6048 35172 4.6229 44859 4.3553 42205 41114 3.9975 5.2064 50330 4.8684 4.7122 45638 4.4226 57466 55349 53349 5.1451 4.9676 4.7998 6.2469 59952 5,7590 5/5370 53282 5.1317 6701 6417761446 58892 56502 54262 7.1360 690550951 62055 5.9377 5,6869 7.5361 71607 G8137 64924 6 1944 59175 7.9038 WS 7/1034 6.7499 6.4735 6.1218 778627.3667 5.9819 56282 G 3025 85595 BOGOT76061 7/1900 68109 64524 9.95 2312679237 73792 6.9740 66039 21 85436 8020 75488 19 67291 9.3219 8756 8/2014 7.7015 7.297 68399 9.6035 89501 836449 7898 69380 98181 9128535126 7963 16 7020 TOZU 9.8226 90770 1942 71300 2578 10273 0826 0938 05 785 324 10757407190 2015 22 1006171948 904 90 76752 14 15 16 18 19 20 40 TABLE 12.3 Present value of 51 at end of porlod Period 4 5% 6% 16 1 1056 7 9340 10X 9001 9700 9434 EOS 9804 9612 9422 9524 9070 9707 5615 246 3830 8734 9174 5417 2722 3538 7512 4 9040 0156 SI56 OCH 5 9422 9283 9145 9010 9233 9057 38.50 0151 8885 8626 8375 131 789 7661 8900 8390 7921 7473 7050 6651 5274 5919 7629 7130 5663 6727 5820 5839 8% 9250 8573 7938 7350 6806 6302 5835 5400 5002 4632 1789 1971 5645 5132 7 8548 1219 7903 7599 1707 3029 6756 5.000 24 6006 LED 6490 5963 5470 5019 4600 9 9235 9143 DOS 9963 84 953s 8368 8200 3043 10 11 12 361 3489 7835 7462 ( 7107 1768 6129 5847 WEB 5303 OS 1810 4581 136 5584 5260 4970 421 3255 3505 1875 01 8240 3787 700 1224 7014 5810 5611 6410 22 7730 7579 577 18 15 4423 4120 SOBE 475 44.00 1150 3 3624 3382 3106 200 SEO 15 2915 1613 2997 2633 2394 2992 2745 2519 780 7254 555 5239 5134 1935 17 000 SEBE PA LO 2700 19 17 360 760 700 34 BYO 26 21 2130 1945 19 10 5531 os 311 2002 1234 2 COM TEN 3034 7 7201 100 5210 3583 1 220 122 CH 2415 2001 2109 TU RE 20 12 204 TET 00 1910 1001 2511 3670 210 11 TOT 10 2961 50 GO 461 20 COT 40 07 10 LEE OC 30 00 131
