ment: Homework Problems - Time Value of Money Assament Score: 0.00 Save Submit Assignment for Grading Problem 7-28 4 Question 13 of 1 Check My Work (3 remaining) eBook Problem 7-28 You contribute $2,000 annually to a retirement account for eleven years and stop making payments at the age of 45. Your twin brother (or sister ... whichever applies) opens an account at age 45 and contributes $2,000 a year until retirement at age 65 (20 years). You both earn 8 percent on your investments. How much can each of you withdraw for 25 years (that is, ages 66 through 90) from the retirement accounts? Use Appendix A. Appendix C, and Appendix D to answer the question. Round your answers to the nearest dollar. You can withdraw $ Your twin can withdraw $ Check My Work (3 remaining) Problem 7-28 Question 13 of Save Submit Assignment for Grading Interest Factors for the Future Value of One Dollar & Time Period (e.g. year) 1 2 3 4 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 1.030 1.040 1.061 1.082 1.093 1.125 1.126 1.170 1.159 1.217 1.050 1.102 1.158 1.216 1.276 1.060 1.124 1.191 1.262 1.338 1.070 1.145 1.225 1.311 1.403 1.080 1.166 1.260 1.360 1.469 9% 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1689 1.925 15% 1.150 1.322 1.521 1.749 2.011 1.160 1.346 1.561 1.811 2.100 1.180 1.392 1643 1939 2.788 204 1.200 1.440 1.728 2.074 2.488 1.062 1.072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 1.419 1.501 1.504 1.606 1.594 1.718 1.689 1.838 1.791 1.967 1.587 1714 1.851 1.999 2.159 1.677 1.828 1.993 2.172 2.367 1.772 1.949 2.144 2.358 2.594 1974 2.211 2.476 2.773 3.106 2352.313 2.502 2.660 2.853 3.059 3.252 3.518 3.707 4.046 2.436 2.826 3.278 3.803 4.411 2.700 3.186 3.759 4.436 5.234 2986 3.583 4.300 5.160 6.192 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 1.384 1.539 1.710 1.426 1.601 1.796 1.469 1.665 1.886 1.513 1.732 1.980 1.558 1.801 2.079 1.898 2.012 2.133 2.261 2.397 2.105 2.252 2.410 2.579 2.759 2.332 2.518 2.720 2.937 3.172 2.580 2.813 3.066 3.342 3.642 2.853 3.138 3.452 3.797 4.177 3.479 3.896 4.363 4.887 5.474 4.226 4.652 4.818 5.350 5.492 6.153 6.261 7.076 7.1388.137 5.117 5.936 6.886 7988 9.266 6.176 7430 7.2878.916 8.599 10.699 10.147 12.839 11.973 15.407 1.173 1.184 1.196 1.208 1.220 1.373 1.400 1.428 1.457 1.486 1.605 1.873 2.183 1.653 1.948 2.292 1.702 2.026 2.407 1.754 2.107 2.527 1.806 2.191 2.653 2.540 2.952 2.693. 3.159 2.854 3.380 3.026 3.617 3.207 3.870 3.426 3.700 3.996 4.316 4.661 3.970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.728 6.130 6.866 7.690 8.613 9.646 8.1379 .358 10.748 9.276 10.761 12.468 10.575 12.375 14.463 12.056 14.232 16.777 13.743 16,367 19.461 14.129 16.672 19.673 23.214 27.393 18.488 22.186 26.623 31.948 38.337 6.848 8.623 10.063 13.268 2.094 2.666 3.386 4.292 5.427 2.427 3.243 4.322 5.743 7612 1.282 1.641 1.348 1.811 62.688 143.370 95.396 237.370 10.835 17.000 26.462 32.91940.874 17449 29.960 50.950 66.212 85.850 Interest Factors for the Future Value of an Annuity of One Dollar Time Period e... year 1.000 2.010 3.030 4.060 5.101 1.000 2.020 3.060 4.122 5.204 1.000 2.030 3.091 4.184 5.309 1.000 2.040 3.122 4.246 5.416 1.000 2050 3.152 4.310 5.526 8% 9% 1.000 1.000 1.000 2.070 2.080 2.090 3.215 3.246 3.278 4.440 4.506 4.573 5.7515.8675.985 1.000 2060 3.184 4.375 5.637 mon 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3.374 4.770 6.353 14% 1.000 2.140 3.440 4.921 6.610 16% 1.000 2.160 3.506 .067 6.877 20% 1.000 2.200 3.640 5.368 7442 5 NO 6.152 7.214 8.286 9.369 10.462 6.308 7.434 8.583 9.755 10.950 6.468 7.662 8.892 10.159 11.464 7 9 6.633 .898 .214 10.583 12.006 6.802 8.142 9.549 11.027 12.578 6.975 8.394 9.897 11.491 13.181 7.153 8.654 10.260 11.978 13.816 7.336 8.923 10.637 12.488 14.487 7.5237.716 9.200 9.487 11.028 11.436 13.021 13.579 15.193 15.937 8.13 10.089 12.300 14.776 17.549 8.5368.978 9930 10.730 11.413 12.915 13.233 14.240 16.499 16.085 17.518 20.798 19.337 21.321 25958 11.567 12.683 13.809 14.947 16.097 12.169 13.412 14.680 15.974 17.293 12.808 14.192 15.618 17.086 18.599 13.486 15.026 16.627 18.292 20.024 14.207 15.917 17.713 19.599 21.579 14.972 16.870 18.882 21.051 23.276 15.784 17.888 20.141 22.550 25.129 16.645 17.560 18.977 20.141 21.495 22.953 24.215 26.019 27.152, 29.361 18.531 21.384 24.523 27.975 31.772 20.655 24.138 28.029 32.393 37.280 23.044 27.271 32.089 37.581 43.842 25.732 30.850 36.786 43.672 51.659 32.150 39.580 48.496 59.195 72.035 17.258 18.430 19.615 20.811 22.019 18.639 20.012 21.412 22.841 24.297 20.157 21.762 23.414 25.117 26.870 21.825 23.698 25.645 27.671 29.778 23.657 25.840 28.132 30.539 33.066 25.673 28.213 30.906 33.760 36.786 27.888 30.840 33.999 37.379 40.995 30.324 33.750 37.450 41.446 45.762 33,003 35.950 36.974 40.545 41.30145.599 46.01851.159 51.160 57.275 42.753 48.884 55.750 63.440 72.052 50.980 60.925 87.442 59.118 71.673 105.93 68.93484.140 128.11 78.96998.603 154.74 91,025 115.370 186.68 181.87 249.210 471.98 98.347 133.33 84.701 63.249 73.106 54.865 47.727 28.243 32.030 36.459 41.646 530310 1181.8 56,085 66.439 79.058 94.461 113.283 136.308 164.494 241.333356.878 30 34.785 40.568 47.575 Interest Factors for the Present Value of an Annuity of One Dollar Time Period 10. y 1 0 2 3 4 5 1% 2% 3% 4% 5% 6% 7% 8% .990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 1.970 1.942 1913 1.886 1.859 1.833 1.808 1.783 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 9% 10% 12% 14% 16% 18% 20% 24% 28% 32% 38% 0.917 0.909 0.893 0.877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 1.759 1.736 1.690 1.647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 2.531 2.487 2.402 2.322 2.246 2.174 2.106 1.981 1.868 1.766 1674 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1.966 3.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2532 2.345 2.181 6 7 8 5.795 5.601 5.417 5.242 5.076 4.917 4.766 4.623 4.486 4.355 4.111 3.889 3.685 3.498 3.326 3.020 2.19 2.534 2.399 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5,033 4.868 4.564 4.288 4.039 3.812 3.605 3.242 2.937 2.678 2455 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.344 4.078 3.837 3.421 3.076 2.786 2.540 .566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.985 5.759 5328 4.946 4.607 4.303 4.031 3.566 3.184 2.868 2.603 9.471 8.983 8.530 8.111 7.722 7.360 7024 6.710 6.418 6.145 5.650 5.216 4.833 4.494 4.193 3.682 3.269 2.930 2.650 9 8 10 11 12 13 14 15 10.368 9.787 9.253 8.760 8.306 7.887 7499 7.139 6.805 6.495 5.988 5.453 5.029 4.656 4.327 3.776 3.335 2.978 2.683 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7161 6.814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 3.013 2.708 12.134 11.348 10.635 9.986 9.394 8.534 8.358 7.904 7487 7.103 6.424 5.842 5.342 4.910 4.533 3.912 3.427 3.040 2.727 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.468 5.008 4.611 3962 3.459 3.061 2.740 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.060 7.606 6.811, 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.312 7.824 6.974 6.265 5.669 5.1624.730 4.003 3.503 2.088 2.758 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.002 7.120 6.373 5.749 5.222 4.775 4.059 3.518 3.097 2.763 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.2017.250 6.467 5.818 5.273 4.812 4.080 3.529 3.104 2.767 19 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 5.877 5.316 4.844 4.097 3.599 3.109 2.770 2018.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.128 8.514 7.469 6.623 5.929 5.353 4.870 4.110 3.546 3.113 2772 25 22.023 19.523 17413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 6.873 6.097 5.467 4948 4.17 3.564 3.122 2778 25.808 22.937 19.600 17.292 15.373 13.765 12.409 11.258 10.274 9.427 8.055 7.003 6.177 5.517 4.979 4.160 359 3.124 2.778 30 PA