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Problent JB retiring in 35 years weats to deposit a reserar Anourt every a heaks till the notices at an average rate of return of
Problent JB retiring in 35 years weats to deposit a reserar Anourt every a heaks till the notices at an average rate of return of id % Lonson and quatis. follonios revient os 3,000 per bene for 25 seas. 4+ retirenze for the next 35 Problem #1 (20 pts) JB is planning to retire in 35 years. He would like to deposit a regular amount every 2 weeks until he retires at an average rate of return of 12% compounded quarterly. Following his retirement, he wishes to receive an annual payment of $120,000 increasing by $3,000 per year for 25 years. Assume that withdrawals occur at the beginning of each year during retirement. a. How much money he must have in his saving account at retirement? N-23 le. (It all) - 1 0.0374 3,94%. (14 01274 - 1 = ailes- Az 170,000 p= 120,000/ (1259)?!_!) - 906,413. 1,7916610 Lorrsschizs572 P: 3000 / Chiass)" - 10.1251x35/1 ) 149 458.93 = Alp = 139,489,61 / every 2 weeks Oltss 2 Cl.les begui!! - 149, 458.95 R b. How much money must he deposit every 2 weeks for the next 35 years? Need Alp must have Pitpe = 1, 05, 871 of present amount te after 25 years of geometre deposits 3 39 . Weally rale= 0.0374 = 3,74 Y
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