Jill is 40 Has income of 120k Calculates a war of 66.67% (use 2/3rds) Plans on retiring at 63 Expects to live to 87 Has 50k in current savings Invests 50% in the stock market Once retired plans on investing 100% bonds B) Saving while working Jill 1) How much should Jill's original 50,000 have grown into when he is 50 ? 2) How much should Jill's annual savings from E1 have grown into when he is 50 ? (Make sure to use the annuity equation and not just a one time savings here) 3) How much should Jill's combined savings have grown into when he is 50 ? [Just combined 1 and 2 directly above\} 4) How much should Jill's original 50,000 have grown into when he is 60 ? 5) How much should Jill's annual savings from E1 have grown into when he is 60 ? (Make sure to use the annuity equation and not just a one time savings here) 6) How much should Jill's combined savings have grown into when he is 60 ? [Just combined 1 and 2 directly above } C) Retirement Jack 1) How much savings should Jack have left when 70 ? 2) How much savings should Jack have left when 75 ? 3) How much Savings should Jack have left when 80 ? D) Retirement Jill 1) How much savings should Jill have left when 70 ? 2) How much savings should Jill have left when 75 ? 3) How much Savings should Jill have left when 80