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Pr. 6-146-Present value and future value computations Part (a) Compute the amount that a $60,000 investment today would accumulate a t1 (compound interest) by the

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Pr. 6-146-Present value and future value computations Part (a) Compute the amount that a $60,000 investment today would accumulate a t1 (compound interest) by the end of 6 years Part (b) Tom wants to retire at the end of this vear (2017). His life expectancy is 20 years f his retirement. Tom has come to you, his CPA, to learn how much he should dep on December 31, 2017 to be able to withdraw $80,000 at the end of each year for next 20 years, assuming the amount on deposit will earn 8% interest annually. Port A G

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