NEED C answered

Because your friend is planning ahead, the first withdrawal will not take place until one year after she retires. She wants to make equal annual deposits

into her account for her retirement fund. What amount will she need at her retirement date?

Amount

Needed at

retirement

date:

Today

$Yr30$

Yr $50$

It she starts making these deposits in one year and makes her last deposit on the day she retires, what amount must she deposit annually to be able to

make the desired withdrawals at retirement?

Amount to

save each year: $$7,800\mathrm{.}21$

Today

$Yr30$

Suppose your friend has just inherited a large sum of money. Rather than making equal annual payments, she has decided to make one lump sum deposit

today to cover her retirement needs. What amount does she have to deposit today?

Lump sum

deposited

today:

$$87,813\mathrm{.}12$

Today

Yr $30$

Suppose your friend's employer will contribute to the account each year as part of the company's profit sharing plan. In addition, your friend expects a

distribution from a family trust several years from now. What amount must she deposit annually now to be able to make the desired withdrawals at

Employer's annual contribution:

Value of employer's contribution at retirement:

Value of trust fund at retirement:

Today

Today

Today

Yr $30$

$Yr30$

Yr $50$

Amount to save each year now:

Amount to save each year now:

Yr $30$