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please help with 5 and 6, urgent!! please just show the inputs i need for question 5 2. Calculation the amount you will need the
please help with 5 and 6, urgent!!
please just show the inputs i need for question 5
2. Calculation the amount you will need the day you retire if you want the amount you calculated in part 1 pald out annually from the day you retire until the last date you want to receive retirement income and you want to leave nothing to your heirs. Assume the rate of return you will receive during this period is 2% less than the investment rate you chose above (people generally invest a little bit more conservatively during retirement). ($18,677,759.16) 3. Now do the same calculation as part 2, but include the amount you decided to leave to your heirs above. ($18,679,231.33) 4. Using your answer to part 3, find the equal annual amount you would need to save every year from the age you input as now until the date you retire to reach the amount in answer 3 , use the investment rate you chose above. $34,168.44 5. Now let's assume you are 10 years into saving for your retirement, so 10 years older than what you chose as your age now and assume you earned 2% less than expected on your investments and you ended up putting ayghy only half as much as you assumed above. Now calculate the equal annual amount you would need to save every year to still save to the amount in part 3 , assuming you can now earned the assumed investment rate. 6. Assume that the amount you calculate in part 3 is too much for you to possibly save, suggests so ethical options. 2. Calculation the amount you will need the day you retire if jou want the amount you calculated in part 1 paid from the day you retire until the last date you want to receive retirement income and you want to leave nothing to Assume the rate of return you will receive during this period is 2% less than the investment rate you chose above aenerallv invest a little bit more conservatively during retirement). 2. Calculation the amount you will need the day you retire if you want the amount you calculated in part 1 pald out annually from the day you retire until the last date you want to receive retirement income and you want to leave nothing to your heirs. Assume the rate of return you will receive during this period is 2% less than the investment rate you chose above (people generally invest a little bit more conservatively during retirement). ($18,677,759.16) 3. Now do the same calculation as part 2, but include the amount you decided to leave to your heirs above. ($18,679,231.33) 4. Using your answer to part 3, find the equal annual amount you would need to save every year from the age you input as now until the date you retire to reach the amount in answer 3 , use the investment rate you chose above. $34,168.44 5. Now let's assume you are 10 years into saving for your retirement, so 10 years older than what you chose as your age now and assume you earned 2% less than expected on your investments and you ended up putting ayghy only half as much as you assumed above. Now calculate the equal annual amount you would need to save every year to still save to the amount in part 3 , assuming you can now earned the assumed investment rate. 6. Assume that the amount you calculate in part 3 is too much for you to possibly save, suggests so ethical options. 2. Calculation the amount you will need the day you retire if jou want the amount you calculated in part 1 paid from the day you retire until the last date you want to receive retirement income and you want to leave nothing to Assume the rate of return you will receive during this period is 2% less than the investment rate you chose above aenerallv invest a little bit more conservatively during retirement) Step by Step Solution
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