please help with a question. Thank you. please make sure answer isnt cut off.

You are planning for a very early retirement you would the foretreat age 40 and have enough money saved to be able to withdraw 5210,000 per year for the next 30 years (based on tamly history, you think you will to age 70). You plan to save by making is equal annual installments (fromage 25 age 40) into a fairly risky investment fund that you expect will eam 14% per year You will leave the money in this fundunt is completely depleted when you are 70 years old Chok the loon to view Present Value of $1 table Cck the icon to view Present Value of Ordinary Annuity of $1 table Click the icon to ww Future of $1 table click the loon to view Future Value of Ordinary Annuity of table) Read the realicemente Requirement 1. How much money must you accumulate by rebrement to make your plan work? (Hint Find the present value of the $210,000 wthdrawals. (Round your final answer to the nearest whole dollar) To make the plan work, you must accumulate this amount by retirement Requirement 2. How does the amount compare to the total amount you will withdraw from the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawing However, by age 40 you only need to have invested These numbers are different because OA. You need to have for more accurated that what you wit withdraw because you will wthdraw a large portion of the investment every year the balance remains invested where it continues to sam 14% interest 6. You need to have the same amount accumulated as you will withdraw because you will not eam further interest on your investment when you reach retirement OC You need to have reccumulated than what you wil withdraw because you only withdraw a portion of the investment every year the balance remains invested where it continues to earn 14% interest OD. None of the above Reference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 10.990 0.980 0.971 0.962 0.952 0943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 0.980 0,961 0.943 0.925 0.907 0.890 0.873 0.857 0.8420.826 0.797 0.769 0.756 0.743 0.7180.694 Period 3 0.9710942 0.915 0.8890.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 10.961 0.924 0.888 0.8550.823 0.792 0.763 0.735 0.7080,683 0.636 0.592 0.572 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 Period 6 10.942 0.888 0.837 0.790 0.746 0.705 0.6660.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 Period 7 0,933 0,871 0.813 0.7600.7110.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0,314 0,279 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.404 0.351 0.327 0,305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 0.6450.5920.5440.500 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 Period 10 0.90 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 Period 110.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.4440.397 0,356 0.319 0,257 0.208 0.187 0.168 0.1370.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 0.870 0.758 0,661 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.2050.160 0.141 0.125 0.099 0.078 Period 15 10.861 0.743 0.6420.555 0.481 0.417 0.362 0.315 0.275 0.2390.183 0.140 0,123 0.108 0.084 0.065 Period 160.853 0.728 0.623 0.534 0.458 0.394 0.3390.292 0.252 0.218 0.163 0.123 0.1070.093 0.071 0.054 Period 170.844 0.714 0.605 0,513 0,436 0,3710.317 0.270 0.2310.1980.146 0.108 0.093 0.080 0.0600045 Period 18 0.836 0,700 0.587 0.494 0.416 0.350 0.296 0.250 0.212 0.1800.130 0.095 0.081 0.069 0.051 0.038 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 Period 200.820 0.673 0.54 0.4560,377 0.3120.258 0.215 0.178 0.149 0.1040.0730.0610.051 0.037 0.026 1