JTURE VALUE OF AN ANNUITY

client is $40$ years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $$6,000$ per year, nd you advise her to invest it in the stock market, which you expect to provide an average return of $10\%$ in the future:

a$.$ If she follows your advice, how much money will she have at $65?$ Round your answer to the nearest cent.

$ $$

b$.$ How much will she have at $70?$ Round your answer to the nearest cent.

$ $$ c$.$ She expects to live for $20$ years if she retires at $65$ and for $15$ years if she retires at $70.$ If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Round your answers to the nearest cent.

Annual withdrawals if she retires at $65$: $

Annual withdrawals if she retires at $70$ : $

PV AND LOAN ELIGIBILITY

You have saved $$5,000$ for a down payment on a new car. The largest monthly payment you can afford is $$350.$ The loan will have a $9\%$ APR based on end$-$of$-$month payments.

a$.$ What is the most expensive car you can afford if you finance it for $48$ months? Do not round intermediate calculations. Round your answer to the nearest cent. $

b$.$ What is the most expensive car you can afford if you finance it for $60$ months? Do not round intermediate calculations. Round your answer to the nearest cent. $

PV AND LOAN ELIGIBILITY

You have saved $$5,000$ for a down payment on a new car. The largest monthly payment you can afford is $$350.$ The loan will have a $9\%$ APR based on end$-$of$-$month payments.

a$.$ What is the most expensive car you can afford if you finance it for $48$ months? Do not round intermediate calculations. Round your answer to the nearest cent. $

b$.$ What is the most expensive car you can afford if you finance it for $60$ months? Do not round intermediate calculations. Round your answer to the nearest cent. $