ment fund to reach 3,000 at the end of 13-13. Financial analysts recommend investing 15% to cal analysts recommend investing 15 to 20% of wour annual income in your retirement fund ta tation increases to almost 30% if a replacement rate of 70% of your income by age 65. This recommendation start investing atas investing at 45 years old, Mallori Rouse is 25 years old and has started investing $3,000 at the each year in her retirement account How much will her account be worth in 20 years at 8% interest pounded annually? How much will it be worth in 30 wears? What about at 40 years? How much will worth in 50 years? Round to the nearest dollar. LU 13-1(2) 13-14. After paying off a car loan or credit card, don't remove this amount from your budget. Instead, invest in your future by applying some of it to your retirement account. How much would $450 invested at the end of each quarter be worth in 10 years at 4% interest? (Use the Business Math Handbook tables.) LU 13-1(2) 13-15. You decide to reduce the amount you spend eating out by $150 a month and invest the total saved at the end of each year in your retirement account. How much will the account be worth at 5% in 15 years! LU 13-1(2) 13.-16. Rob Herndon, an accountant with Southwest Airlines, wants to retire 50% of Southwest Airlines bonds by 2038. Calculate the payment Rob needs to make at the end of each year at 6% compounded annually to reach his goal of paying off $300,000 in 20 years. LU 13-1(2) lesef Company borrowed money that must be repaid in 20 years. The company wants to make sure the loan Il be repaid at the end of year 20, so it invests $12,500 at the end of each year at 12 interest compounded annually. What was the amount of the original loan? LU 13.1021 Wat the end of each yeay wants to make sure the lo e amount of the original loan