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Sally Cooke, who just celebrated her 3eth birthday, wishes to have a c retirement starting on her 5Sh birthday. Given her lifestyle, she estinates that

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Sally Cooke, who just celebrated her 3eth birthday, wishes to have a c retirement starting on her 5Sh birthday. Given her lifestyle, she estinates that a nest-egg of $2,e0e,ee0 will be required to fund her retirement. How must Sally invest at the end of each accumulate $2,000,000 if the money returns 12% per year. year between now and her 5S birthday to Assuming that Sally (from the previous example) accumulates the $2,808,80e as expected, how much can she withdraw from the account at the end of each year if she wants the money to last for 30 years? She would move it to a more conservative investment earning 8% per year. Ken Brown recently won a lawsuit against Ma Bell Telephone Company after totaling his new SUV while trying to reconnect on a cell phone call with his girlfriend. Ma Bell's insurance company has offered to pay Ken a lump sum payment of $88,ee0 now or $12,e80 at the end of each of the next 18 years. Assuming that 18%is an appropriate interest rate, which of the alternatives should Ken choose

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