Question $5$

$10pts$

If you are able to earn a $6\%$ rate of return, what amount would you need to invest to have $$2,000$ one year from now?

$$1,849\mathrm{.}78$

$$1,886\mathrm{.}80$

$$1,790\mathrm{.}00$

$$1,904\mathrm{.}76$

Question $6$

$10pts$

You estimate that you will need $$80,400$ income before taxes per year to maintain your current lifestyle. How much will you need to save by retirement to put into an account earning $4\%$ annually for $20$ years that pays out $$80,400$ each year?

$$1,092,662$

$$2,191,123$

$$456,387$

$$1,254,125$