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please print clearly. thank you! 1. How much money must you accumulate by retirement? (Hint: Find the present value of the $225,000 withdrawals.) Calculate the
please print clearly. thank you!
1. How much money must you accumulate by retirement? (Hint: Find the present value of the $225,000 withdrawals.) Calculate the present value to find out how much money must be accumulated by retirement (Round your answer to the nearest whole dollar.) The present value is $ 2. How does this amount compare to the total amount you will draw out of the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawings . However, by age 40 you only need to have invested Choose from any list or enter any number in the input fields and then continue to the next question. These numbers are different because: O A You need to have far more accumulated than what you wil withdraw because you will withdraw a large portion of the investment every year the balance remains invested where it continues to earn 10% interest B. You need to have far less accumulated than what you will withdraw because you only withdraw a portion of the investment every year--the balance remains invested where it continues to earn 10% interest O OC. You need to have the same accumulated as you will withdraw because you will not cam further interest on your investment when you reach retirement OD. None of the above. Chrn from any list or enter any number in the innuit fields and than mantinun to the next gunstian 3. How much must you pay into the investment each year for the first twenty years? (Hot Your answer from Requirement becomes the future value of this annuty) Pound your answer to the nearest whole dollar) You must pay into the investment each year for the first twenty years 4. How does the total out-of-pocket savings compare to the investments value of the end of the twenty year savings period and the withdrawals you will make during retirement? (Use the investment rounded to the nearest whole number that you calculated above, then round your final answer to the nearest Whole dollar) The total out-of-pockel savings amounts to This is for than the investment's worth at the end than the amount of money you will eventually withdraw from the investment of twenty years and remarkably Choose from any list or enter any number in the input fields and then continue to the next question enie ent b family hist You will lea: Periods mtval mtva Follow ons.) 18% 0.847 1.566 2.174 3 20% 0.833 1.528 2.106 2.589 2.991 nvest 16% 0.862 1.605 2.246 2.798 3.274 3.685 answer to ti 1% 2% 0.990 0.980 1.970 1.942 2.941 2.884 3.902 3.808 4.853 4.713 5.795 5.601 6.728 6.472 7.652 7.325 .566 8.162 9.471 8.983 10.368 9.787 3.127 Present Value of Annuity of $1 3% 4% 5% 6% 8% 10% 0.971 0.962 0.952 0.943 0.926 0.909 1.913 | 1.886 | 1.859 1.833 | 1.783 1.736 2.829 2.775 2.723 2.673 2.577 2.487 3.717 3.630 3.546 3.465 3.312 3.170 4.580 4.452 4.329 4.212 3.993 5.417 5.076 4.917 4.623 4.355 6.230 6.002 5.786 5.582 5.206 4.868 7.020 6.733 6.463 6.210 5.747 5.335 7.786 7.435 7.108 6.802 6.247 5.759 8.530 8.111 7.722 7.360 6.710 6.145 9.253 8.760 8.306 7.887 7.139 6.495 12% 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 14% 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 5.453 inve 5.242 3.326 3.605 4.039 7 8 3.498 3.812 4.078 4.303 4.494 Use the inve Having alated 4.344 4.607 4.833 5.029 3.837 4.031 4.192 9 8 10 unts 4.656 4.327 11 numb Print Done Periods 14% 0.877 0.769 0.675 0.592 0.519 16% 18% 20% 0.862 0.847 0.833 0.743 0.718 0.694 0.641 0.609 0.579 0.552 0.516 0.482 0.476 0.437 0.402 1% 2% 0.990 0.980 0.980 0.961 0.971 0.942 0.961 0.924 0.951 0.906 0.942 0.888 0.933 0.871 0.923 0.853 0.914 0.837 0.905 0.820 0.896 0.804 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 Present Value of $1 4% 5% 6% 8% 10% 12% 0.962 0.952 0.943 0.926 0.909 0.893 0.925 0.907 0.890 0.8570.826 0.797 0.889 0.864 0.840 0.794 0.751 0.712 0.855 0.823 0.792 0.735 0.683 0.636 0.822 0.784 0.747 0.681 0.621 0.567 0.790 0.746 0.705 0.630 0.564 0.507 0.760 0.711 0.665 0.583 0.513 0.452 0.731 0.677 0.627 0.540 0.467 0.404 0.703 0.6450.5920.500 0.424 0.361 0.676 0.614 0.558 0.463 0.386 0.322 0.650 0.585 0.527 0.429 0.350 0.287 0.456 0.400 0.351 0.308 0.270 0.410 0.354 0.305 0.263 0.227 0.370 0.314 0.266 0.225 0.191 0.335 0.279 0.233 0.194 0.162 Print Done Future Value of $1 Periods 29 8 15 1.010 1.020 1.030 1.041 1.051 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1.093 1.126 1.159 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 11.158 1.216 1 1.276 1.060 1.124 1.191 1.262 1.338 1.080 1.166 1.260 1.360 1.469 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 16N 1.160 1.346 1.561 1.811 2.100 1.180 1.392 1.643 1.939 2.288 20N 1.200 1.440 1.728 2.074 2.488 1.062 1.072 1.083 1.094 1.105 1.116 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.587 1.714 1.851 1.999 2.159 1.772 1.949 2.144 2.358 2.594 2.853 1.974 2.211 2.476 2.773 3.106 3.479 300 2.195 2.502 2.853 3.252 3.707 2.826 3.278 3.803 4.411 2.700 3.185 3.759 4.435 5.234 2.986 3.583 4.300 5.160 6.192 1.539 1.710 1.706 2.332 1.898 2012 1.384 1 416 1.243 1 160 4.226 1010 6.176 7.900 7.430 2016 5.117 6026 510 2130 Print Dana Step by Step Solution
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