please help with whole question. all info here. thank you.

9-1

- 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 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 0.980 0961 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.797 0.769 0.756 0.743 0.7180.694 Period 3 0.971 0.942 0915 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 0.961 0.924 0.888 0.855 0.8230.792 0.763 0.735 0.708 0.683 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 0.942 0.888 0.8370.790 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 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.3540.3140.279 Period 8 0.923 0.853 0.789 0.731 0,677 0.627 0.5820.540 0.502 0.467 0.4040.351 0.327 0.305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 0.6450.5920.544 0.500 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 Period 10 10.905 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 11 0.896 0.8040.722 0.650 0.585 0.527 0.475 0.429 0.3880.350 0.287 0.237 0.215 0.1950.162 0.135 Period 120.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 Period 130.879 0.773 0.681 0.601 0.530 0.4690,415 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 0.205 0.1600.141 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 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 17 0.844 0.7140.605 0.513 0.436 0.371 0.317 0.270 0.231 0.1980.146 0.108 0.093 0.080 0.060 0.045 Period 18 0.836 0.700 0.587 0.494 0.416 0.350 0.296 | 0.250 0.212 0.180 0.130 0.095 0.081 0.0690.051 0.038 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.1940.164 0.116 0.083 0.070 0.060 0.043 0,031 Period 20 10.820 0.6730 5540.456 0.3770.312 0.258 0.215 0.178 0.149 0.104 0,073 0.061 0.051 0.037 0.026 Reference Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Future Value of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.0821.103 1.124 | 1.145 1.166 | 1.1881.210 1.254 1.300 1.323 1.030 | 1.061 1.093 1.125 1.1581.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.041 1.0821.126 1.170 1.216 | 1.2621.311 1.360 1.4121.464 1.574 1.689 1.749 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.062 1.126 1.1941.265 1.340 1.419 1.501 1.587 1.677 1.772 1.974 2.1952.313 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 | 1.828 1.949 2.211 2.502 2.660 1.083 1.1721.267 1.369 1.4771.594 | 1.718 1.851 1.9932.144 2.476 2.853 3.059 1.094 | 1.195 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.3582.7733.252 3.518 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.116 | 1.243 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.2264.652 1.127 1.2681.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 1.1381.2941.469 1.665|1.886 2.1332.4102.7203.066|3.452 4.363 5.492 6.153 1.149 1.319 | 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 4.887 6.2617.076 1.161 1.346 1.558 1.8012.079 2.3972.759 3.1723.642 4.177 5.474 7.1388.137 1.173 | 1.373 1.605 1.873 2.183 2.5402.952 3.426 3.9704.595 | 6.130 8.137 9.358 1.184 1.400 1.653 1.948 2.292 2.6933.1593.700 4.3285.054 6.8669.276 10.76 1.196 1.4281.702 2.0262.407 2.8543.380 3.996 4.717 5.560 7.690 10.58 12.38 1.208 1.457 1.754 2.107 2.527 3.0263.6174.316 5.142 6.116 8.613 12.06 14.23 1.220 1.486 1.806 2.1912.653 3.207 3.870 4.6615.6046,727 9.646 13.74 16.37 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Period 19 Period 20 x Reference Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0,909 0.893 0.877 0.870 0.862 0.8470.833 Period 2 1.970 1942 1913 1.886 1.859 1.833 1808 1.783 1.759 1.736 1.6901.647 1.626 1.6051.566 1.528 Period 3 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 2.174 2.106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.3123.240 3.170 3.037 2.914 2.855 2.798 2.690 2,589 Periods 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.9933.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 Period 6 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.4864.355 4.111 3.8893.7843.685 3.498 3.326 Period 7 6.728 6,472 6.230 6.0025.7865.582 5.389 5.206 5,033 4.868 4.564 4.288 4.1604.0393.812 3.605 Period 8 7.652 7.3257.0206.733 6.463 6.210 5.971 5.7475.535 5.335 4.968 4,6394.487 4.344 4.078 3.837 Period 9 8.5668.1627.786 7.435 7.1086,802 6.515 6.247 5.9955.759 5.32849464.7724.607 4.303 4.031 Period 10 9.47 8.9838.530 8.111 77227.360 7.0246.710 6.418 6.145 5.6505.216 5,019 4.833 4.494 4.192 Period 11 10.368 9.7879.2538.760 8.3067.887 7.499 7.139 6.805 6,495 5.9385.453 5.2345.0294.656 4.327 Period 12 11.255 10.575 9.954 9.3858.8638.384 7.943 7.536 7.1616.8146.1945.660 5.421 5.1974.793 4.439 Period 13 12.134 11.348 10.635 9.986 9.3948.853 8.358 7.9047.487 7.103 6.424 5.8425.583 5.3424.910 4.533 Period 14 13.004 12 106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 | 6.628 6.002 5.724 5.468 5,008 4.611 Period 15 13.865 12.849|11.938 11.11810.380 9.712 9.108 8.559 18.061 7.606 6.811 6.142 5.8475.575 5.092 4.675 Period 16 (14.718 13.57812561 11.652 10.838/10.106 9.447 8.8518.313 7.8246.9746.2655.9545.669 5.1624.730 Period 17 15.562 14.29213.166|12.1661127410.4779.763 9.122 8.5448.022 7.1206.3736,047 5.749 5.222 4.775 Period 18 16.3981499213.75412.659 11.690 10.828 10.059 9.3728.756 8.2017.250 6.467 6,128 5.818 3.2734.812 Period 19 17.226 15.678 14.32413.134|12.08511.15810.336 9.6048.950 8.3657.366 6.550 6.1985.87753164.844 Period 20 18.046 16.351|14.877 13.590|12.46211470 10.5949.818 19.129 8.514 7.469 6,623 6.259 5.9295.353 4.870 1 Reference Periods Period 1 Period 2 Period 3 Period 4 Period 5 Future Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2.020 2030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.1202.140 2.150 3.0303.0603.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 3.374 | 3.440 3.473 4.060 4.122 4.1844.246 4.310 4.375 4.440 4.5064.573 4.641 4.779 4.921 4.993 5.101 5.2045.3095,416 5.526 5.637 3.7515.8675.985 6.105 6.353 6.610 6.742 6.152 6.308 6,468 6.633 6.802 6.9757.153 | 7.336 7.523 7.7168.115 8.536 8.754 7.214 7.4347.6627.898 8.142 8.394 8.654 8.9239.2009.487 10.09 10.73 11.07 8.286 8.5838.8929.214 9.549 9.897 10.260 10.64 | 11.03 11.44 12.30 13.23 13.73 9.369 9.755 10.16 10.58 11.03 | 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49|15.19 15.94 17.55 | 19.34 20.30 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 11.57 12.17 12.8113.49 14.21 14.97 | 15.78 16.65 17.56 18.53 20.65 23.04 24.35 Period 12 12.68 13.41 14.19 15.03 15.92 | 16.87 17.8918.98 20.1421.38 24.13 27.27 29.00 Period 13 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.0934.35 Period 14 14.95 15.97 17.09 | 18.29 19.60 21.02 22.55 24.21 26.02 27.9832.39 37.58 40.50 Period 15 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.8447.58 Period 16 17.26 18.64 20.16 21.8223.66 25.67 27.89 30.3233.00 35.95 | 42.75 50.98 55.72 Period 17 18.43 20.0121.7623.70 25.84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 | 65.08 Period 18 19.61 21.4123.41 25.65 28.13 30.91 34.00 37.45 41.30 45,60 55.7568.39 75.84 Period 19 | 20.81 22.84 25.12 27.67 30.54 33.76 37.38 41.45 46.02 51.16 63.44 78.97 88.21 Period 20 22.02 24,30 26.87 29.7833.07 36.79 41.00 45.76 51.1657.28 72.05 91.02 102.4 Requirements 1. How much money must you accumulate by retirement to make your plan work? (Hint: Find the present value of the $235,000 withdrawals.) 2. How does this amount compare to the total amount you will withdraw from the investment during retirement? How can these numbers be so different? ou are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to withdraw $235.000 per year for the next 30 years (based on family history, you think you will live to age 70). You plan to save by making to equal annual installments (from age 30 to age 40) into a fairy risky investment fund that you expect will am 14% per year. You will leave the money in this fund until it is completely depleted when you are 70 years old, (Click the loon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 table) Click the icon to view Future Value of $1 table) (Click the loon to view Future Value of Ordinary Annuity of $1 table) Reart the requirements Requirement 1. How much money must you accumulate by retirement to make your plan work? (Hint Find the present value of the $235,000 withdrawals.) (Round your final answe the nearest whole dollar) To make the plan work, you must accumulate this amount by retirement Requirement 2. How does this amount compare to the total amount you will withdraw from the Investment during retirement? How can these numbers bo 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 far more accumulated than what you will withdraw because you will withdraw a large portion of the investment every year the balance remains Invested whe it continues to earn 14% interest OB. You need to have the same amount accumulated as you wit Withdraw bocause you will not eam further interest on your investment when you reach rotroment, OC. You need to have for less accumulated than what you will withdraw because you only withdraw a portion of the investment every year--the balance remains invested when it continues to earn 14% interest OD None of the above