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Do the Math 17-3 Savings Amount Needed Brenda and Dan Domico, of Weatherford, Texas, desire an annual retirement income of $42,000. They expect to live for 30 years past retirement. Assuming that the couple could earn a 3 percent after-tax and after-inflation rate of return on their investments, what amount of accumulated savings and investments would they need? Use Appendix A-4 or the Garman/Forgue companion website to solve for the answer. Round Present Value of a Series of Equal Amounts in intermediate calculations to four decimal places. Round your answer to the nearest dollar. $ Appendix A-4 Present Value of a series of Equal Amounts (an Annuity of S1 Received at the end of each Period) (Used to compute the Discounted Present Value of a Stream of Income Payments) 2% 9% 12% n 14% 1% 0.9301 3% 0.9709 5% 0.9524 6% 0.904 15% 0.8696 16% 0.8621 20% 0.8333 1 09804 0.9615 0.9174 08929 0.8772 2 1.9704 17% 0.8547 1.5852 2.2096 1.9135 1.8594 1.8334 7% 0.9346 1.800 26243 3.3872 15278 8% 0929 1.7813 25771 33121 3.9927 10% 0.9091 17355 24869 3.1699 1.6052 11 % 0.9009 1.7125 24437 3.1024 1.9416 2.8879 3.8072 1.6901 2.4018 1.7591 2.5313 3.2397 16257 2.2832 3 2.7232 2,6730 19% 0.8403 15465 2.1999 2.686 3.0576 2.9410 3.9020 2.2459 2.1065 4 3.7171 3.4651 3.5460 43295 2.5887 2.8550 3.3522 2.7982 3.7743 47135 4.2124 18% 0.8075 1.5456 2.1743 2.6901 3.1272 3.4976 3.8115 40776 3.8897 3.7908 3.6999 5 6 48534 5.7955 13% 08450 1.6681 23612 2.9745 3.5172 3.9975 4426 4.7988 5.1317 5.4262 1.8861 2.7751 3.6299 4.4518 5.2421 6.0021 6.7327 7.435 16467 23216 2.9137 3.4331 3.8857 4.288) 4.6389 45797 54172 6.2303 3.0373 3.6018 4.1114 45638 4.1002 4.1665 2.7432 3.1993 3.5892 29906 33255 5.6014 5.0757 49173 4.6229 44899 43553 42305 3.7845 3.6847 3.4098 4.7122 7 41604 3.7057 3.6046 5.5824 6.2095 6.4720 7.3255 8.1622 5.0330 5.5348 5.2064 5.7466 6.2469 48684 5.3349 40386 43436 3.9224 4.2072 8 44873 3.8372 3.9544 53893 5.9713 6.5192 7.0236 7.4987 5.1661 5.5370 4.9676 5.3282 68017 59952 5.7990 47716 4.6065 4.4506 4.3030 41633 9 10 4,0310 8.9826 81109 7.3601 6,7101 6.1446 6.4951 49164 52161 5.4527 56603 5.0188 5.2337 6.4177 68052 7. 1607 48332 5.0286 4.1925 43271 11 7.1.10 4.4865 8.7605 93851 7.8869 8.3838 56869 59176 46586 48364 4.9884 5.1180 12 9.7868 10.5753 11.3434 12.1062 7.5361 7.9627 8.3577 5.1971 5303 13 7.9038 7.4869 4.7147 5.4206 5.531 5.7245 9.9856 10.5631 4.5327 61219 63025 5.8424 6.0021 14 8.7455 82440 7.7862 5.4675 5.2293 46106 15 12.8490 11.1184 5.6502 59377 6.1941 6.4235 66262 68109 6.9740 7.1196 7.2497 7.3658 5.8474 4.6755 9.2950 9.7122 10.1099 10.4773 10.8276 9.1079 9.4466 9.7632 8.5595 8.8514 16 8.0607 8.3126 5.9542 4.7296 6.7282 7.6517 85660 9.4713 10.3676 11.2551 12.1337 130037 13.8651 14.7179 155623 16.30 17.2260 18.0156 18.8570 19.6604 20.498 21.244 22.0232 22.7952 23.5596 243164 7,0197 7.7861 8.5302 9.2526 9.5540 10.6350 11.2361 119379 12.5611 13.1661 1.7535 143238 14.8775 154150 15.9369 164436 169355 174131 178768 18.3270 4.7746 6.4624 6,6039 6.7291 6.8399 17 18 5.8892 6 2065 6.4924 6.7499 69819 7.1909 7.3792 7.5438 7.7016 7.8393 79633 8.0751 B.1757 8.2664 11.6523 12.1657 12.6590 13.1339 13.5003 14.0292 9.1216 93719 9.6036 5.7864 6.4632 7.1078 7.7217 8.3064 8.863) 93936 9.8986 103797 10.8378 11.2741 11.6896 12.0853 12.4622 12.8212 13.1630 13.4506 13.7986 14.0909 143752 146410 14.8981 15.1411 15.3725 17.1991 18.2959 10.0591 10.1056 10.5940 19 8.5436 8.7956 8.9501 9.1285 9.2922 5.5755 5.6685 5.7487 5.8178 5.8775 59288 6.0172 6.1280 6.1982 6.2593 6.1422 6.2651 6.3729 6.4674 6.5504 66231 6.6870 6.7429 6.7921 6.8351 4.8122 4.8435 4.8696 20 135777 14.2919 14.9920 156785 163514 17.0112 17.6580 18.2922 18.9039 12.5235 20.1210 20.7069 9.8181 7.4694 21 6.3125 10.35S 11.0612 44941 4.6560 47932 4.9095 5.0081 5.0916 5.1624 52223 5.2732 5.3162 53527 5.3837 5.4099 5.421 54509 5.4669 54804 54919 55016 5.5098 5.5168 5.5482 6,8137 7.1034 7.3667 7.6061 78237 80216 8.2014 8.3649 8.5136 8.6487 8.7715 8.8832 89847 9.0770 9.1609 9.2372 9.3066 9.36 9.4269 97791 9914 10.0160 10.2007 10.3711 22 94424 69390 7.0248 7.1016 7.1695 7.2297 7.2829 7.3300 4.9094 7.5620 7.614 7.7184 7.7313 114629 11.1541 120416 12.3034 12.5501 12.7834 13.0032 13.2105 23 4.8023 4.8759 49377 4989 5.0333 5.0700 5.1009 5.1268 5.1486 5.1668 5.1822 51951 52060 5.2151 5.2228 52292 5.2347 9.5802 6.3968 5.9731 60113 6.0442 6.0726 60971 53242 5.4053 5.4746 5339 5.5845 56278 5.6648 5.6964 5.7234 5.7465 57662 5.7831 5.7975 5.8099 5.8204 5.8294 5871) 5.01 10.5288 49371 6.438 6.4641 25 10.6748 7.8401 6.8729 6.9051 49476 4959 26 14.8568 15.2470 15.6221 15.9820 163296 166631 16.9837 17.2920 7.3711 6.4106 6.1182 6.1364 20 7.4036 11.772 11.4693 116536 118258 11.9867 12.1371 12.2777 12.4090 133311 0.8007 4.9636 28 21.2513 49097 9.706 9.8276 9.9290 10.00 10.1161 10.1983 10.2737 10.7574 10.9617 29 8.4217 8.4801 8.5478 8.6016 8.6501 86938 8.9511 90417 18.7641 19.1885 19.6004 25.065 25.8077 10.8100 10.9352 110511 11.1584 11.2578 119766 122335 21.8144 22.3965 4.9747 7.8957 7.9426 7.9614 8.0218 8.0552 82438 81015 7.4412 74701 74957 13.5907 13.7648 15.0463 15.7619 6.9352 6.5607 6.9830 7.0027 7.1050 7.1327 6.5135 6.5335 6.5509 6.5660 6.6416 6.6105 61520 6.1656 6.1772 6.2335 30 4.9789 40 27.3595 7.6341 5.2582 496 328347 19.1961 23.1148 25.7298 19.7928 21.4692 314236 7671 5.2023 4.9995
