Score: 0.25 of 1 pt E12-22A (similar to) Question Help Assure you want to retire early at age 54. You plan to save using one of the folowing two wrategies: (1) save $4.500 a year in an IRA beginning when you are 24 and ending when you are 4 30 years) or (2) wait until you are 44 to start saving and then save $13.500 per year for the next 10 years. Assume you will com the restock market average of 10% per year Click the icon to view the future value wanity factor table Click the len to view the future value factor table) (Click the boon to view the present value anuity factor table) Click the icon to view the present value for table) Read the recent Requirement 1. How much-of-pocket cash will you invel under the two options? Calculate how much out of pocket cash you will not under the two options Dotions Enter any number in the edit fields and the Check Answer CA Check Answer remaining MacBook Air e using one Uue TUIWilly Lw Suallylus. ( save yodUCHY WION you al 24 al enim years. Assume you will earn the historic stock market average of 10% per year. able.) (Click the icon to view the future value factor table.) table.) (Click the icon to view the present value factor table.) i Requirements x est undert er the two 1. How much out-of-pocket cash will you invest under the two options? 2. How much savings will you have accumulated at age 54 under the two options? 3. Explain the results. 4. If you let the savings continue to grow for eight more years (with no further out-of-pocket investments), under each scenario, what will the investment be worth when you are age 62? Print Done ck Answer. HW S 16 of 19 (14 complete) Reference Periods 1 2 3 4 5 4% 1.000 2040 3.122 4246 5,416 2% 1.000 2020 3.060 4.122 5.204 6.308 7434 8.583 9.755 10.950 6 1% 1.000 2.010 3.030 4.060 5.101 6.152 7.214 B.286 9.369 10.462 11.567 12.683 13.800 14.947 16.097 22.019 28.243 34.785 48 886 8 3% 1.000 2.030 3.091 4.184 5.309 6.468 7.662 8.892 10.159 11 464 12.808 14.192 15.618 17.086 18.599 26.870 36.459 47.575 75.401 Future Value of Annuity of $1 5% 6% 8% 10% 1.000 1.000 1.000 1.000 2.050 2060 2080 2.100 3.153 3.184 3.246 3.310 4.310 4.375 4.506 4.641 5.526 5.637 5.867 8.105 6.802 6.975 7.336 7.716 8.142 8.394 8.923 9.487 9.549 9,897 10.637 11.436 11.027 11.491 12.488 13.579 12.578 13.181 14.487 15.937 14 207 14.972 16,645 18.531 15.917 16,870 18.977 21.384 17.713 18.882 21.495 24.523 19.599 21.015 24215 27.975 21.579 23.276 27.152 31.772 33.066 36.786 45.762 57 275 47.727 54.865 73.106 98 347 68.439 79.058 113 283 164 494 120.800 154.762 259.057 442.593 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 12% 1.000 2.120 3.374 4.779 6.353 8.115 10.089 12.300 14.776 17.549 20.655 24.133 28.029 32.393 37.280 72.052 133.334 241.333 767.091 14% 16% 18% 20% 1.000 1.000 1.000 1.000 2.140 2.160 2.180 2200 3.440 3.506 3.572 3.640 4.921 5.066 5.215 5.368 6.610 8.877 7.154 7.442 8.536 8.977 9.442 9.930 10.730 11414 12.142 12.916 13.233 14.240 15327 16.499 16.085 17.519 19.086 20.799 19.337 21.321 23,521 25.959 23.045 25.733 28.755 32.150 27.271 30.850 34.931 39.581 32.089 36.786 42.219 48.497 37.581 43.672 50,818 59. 196 43.842 51.660 60 965 72.035 91,025 115380 148.628 186.688 181.871 249.214 342.603 471.981 356.787 530.312 790,948 1,181.882 1,342.025 2,360.757 4,163.213 7,343.858 10 11 12 13 14 15 20 25 30 40 12.169 13.412 14.680 15.974 17293 24.297 32.030 40.568 60.402 29.778 41.646 56085 95.026 Print Done Cor A hen y Reference ex to Periods 1 16% 0.862 1.605 2.246 2.798 3.274 18% 0.847 1.566 2.174 2.690 3.127 20% 0.833 1,528 2.106 2589 2.991 N 4 5 Present Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.791 5.795 5.601 5.417 5.242 5.076 4.917 4.623 4.355 6.728 6.472 6.230 6.002 5.786 5.582 5.206 4.868 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 8.566 8.162 7.786 7.435 7.108 6.802 6.247 5.759 9.471 8.983 8.530 8.111 7.722 7/360 6.710 6.145 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 11.255 10.575 9.954 9.385 8.863 8.384 7.536 6.814 12.134 11.348 10.635 9.986 9.394 8.853 7.904 7.103 13.004 12.106 11 296 10.563 9.899 9.295 8.244 7.367 13 865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 18.046 16.351 14.877 13,590 12.462 11.470 9.818 8.514 22.023 19.523 17.413 15.622 14 094 12.783 10,675 9.077 25 808 22.396 19.60017292 15.372 13.765 11.258 9427 32 835 27 355 23,115 19.793 17 159 15.046 11.925 9.779 12% 14% 0.893 0.877 1.690 1.647 24022.322 3.037 2914 3.605 3.433 4.111 3.889 4.564 4.288 4.968 4.639 5.328 4.946 5.650 5.216 5.938 5.453 6.194 5,660 6.424 5.842 6.628 6.002 6.811 6.142 3.685 4.039 4.344 4.607 4,833 3.498 3.812 4,078 4.303 4.494 3.326 3.605 3.837 4.031 4 192 10 11 12 13 14 15 5.029 5.197 5.342 5.468 5.575 4.656 4.793 4.910 5.008 5092 4327 4.439 4.533 4.611 4.675 20 25 30 40 2.469 7.843 8,055 8.244 6.623 6.873 7.003 7.105 5.929 6.097 6.177 6.233 5.353 5.467 5.517 5.548 4.870 4.948 4.979 4.997 kon Print Done we apter 12 HL 16 of 19 (14 complete) 0 Reference Future Value of $1 Periods 2 3 4 5% 1.050 1.103 1.158 1216 1.276 6% 1.060 1.124 1.191 1.262 1338 14% 1.140 1.300 1.482 1.689 1.925 16% 1.160 1.346 1.561 1.811 2100 20% 1.200 1.440 1.728 2.074 2488 5 7 1% 1.010 1.020 1.030 1.041 1.051 1,062 1.072 1.083 1.094 1,105 1.116 1.127 1.138 1.149 1.161 1.220 1 282 1.348 1.489 2% 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195 1.219 1 243 1.268 1 294 1319 1.346 1.486 1.641 1.811 2208 10% 1.100 1.210 1.331 1.464 1.611 1.772 1949 2.14 2.358 2.594 3% 1.030 1.081 1.093 1.126 1.159 1.194 1230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.806 2.094 2427 3.262 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 2.191 2666 3.243 4,801 9 10 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 8% 1.080 1.166 1.260 1.360 1.469 1587 1.714 1.851 1.999 2.159 2332 2.518 2.720 2.937 3.172 4.661 6.848 10.063 21.725 12% 1.120 1.254 1.405 1.574 1.762 1.974 2211 2476 2.773 3.106 3.479 3.896 4.363 4.887 5.474 11 12 13 14 15 18% 1.180 1.392 1.643 1.939 2288 2.700 3.185 3.759 4435 5.234 6.176 7288 8.599 10.147 11974 27393 62.669 143.371 750.378 1.710 1.796 1.886 1.980 2.079 2.653 3.386 4.322 7.040 1.898 2012 2.133 2.261 2.397 3.207 4.292 5.743 10.286 2.196 2.502 2.853 3.252 3.707 4.226 4.818 5.492 6.261 7.138 13.743 26.462 50.950 188 884 2.853 3.138 3.452 3.797 4.177 2436 2826 3.278 3.803 4.411 5.117 5.936 6.886 7.988 9.266 19.461 40.874 85.850 378.721 2986 3.583 4.300 5.160 6.192 7.430 8.916 10.699 12.839 15.407 38.338 95.396 237.376 1,469.772 20 25 30 40 6.727 10.835 17.449 45.259 9.646 17.000 29.960 93.051 leld Print Done CA Reference Present Value of $1 Periods 2 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 5% 0.952 0.907 0.864 0.823 0.784 1% 2% 3% 0.990 0.980 0.971 0.980 0.961 0.943 0.971 0.942 0.915 0.961 0.924 0.888 0.951 0.906 0.863 0.942 0.888 0.837 0.933 0.871 0.813 0.923 0.853 0.789 0.914 0.837 0.766 0.905 0.820 0.744 0.896 0.804 0.722 O 887 0.788 0.701 0.879 0.773 0.681 0.870 0.758 0.661 0.861 0.743 0.642 0.820 0.673 0.554 0.780 0.610 0.478 0.742 0.552 0.412 0.672 0.453 0.307 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 12% 0.893 0.797 0.712 0.636 0.567 8 9 10 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.507 0.452 0.404 0.361 0.322 8% 10% 0.926 0.909 0.857 0.826 0.794 0.751 0.735 0.683 0.681 0.621 0.630 0.564 0.583 0.513 0.540 0.467 0.500 0.424 0.463 0 386 0.429 0.350 0.397 0.319 0.368 0.290 0.340 0263 0.315 0.239 0.215 0.149 0.146 0.092 0.099 0.057 0.046 0.022 14% 16% 0.877 0.862 0.769 0.743 0.675 0.641 0.592 0.552 0.519 0.476 0.456 0.410 0.400 0.354 0.351 0.305 0.308 0.263 0.270 0.227 0.237 0.195 0.208 0.168 0.182 0.145 0.160 0.125 0.140 0.108 0.073 0.051 0.038 0.024 0.020 0.012 0.005 0.003 18% 20% 0.847 0.833 0.718 0.694 0.609 0.579 0.516 0.482 0.437 0.402 0.370 0.335 0.314 0.279 0.266 0.233 0.225 0.194 0.191 0.162 0.162 0.135 0.137 0.112 0.116 0.093 0.099 0.078 0.084 0.065 0.037 0.026 0.016 0.010 0.007 0.004 0.001 0.001 11 12 13 14 15 0.650 0.625 0.601 0.577 0.555 0.527 0.497 0.469 0.442 0.417 0.287 0.257 0.229 0.205 0.183 Q.104 0.059 0.033 0.011 20 25 30 40 0.456 0.375 0.308 0.208 0.377 0.295 0.231 0.142 0.312 0.233 0.174 0,097 CH Print Done WILL