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se Worksheet 11.1. Ashley Olson is early in her career and is now employed as the managing editor of a well-known business journal. Although she
se Worksheet 11.1. Ashley Olson is early in her career and is now employed as the managing editor of a well-known business journal. Although she horoughly enjoys her job and the people she works with, she would really like to be a literary agent. She would like to go her nd figures she'll need about $75,000 in capital to do so. Given that she thinks she can make about 8 percent on her money, 11.1 to nswer the following questions. a. How much would Ashley have to invest today, in one lump sum, to end up with $75,000 in 8 years? Round the answer to the nearest cent. $ b. If she's starting from scratch, how much would she have to put away annually to accumulate the needed capital in 8 years? Round the answer to the nearest cent. $ c. How about if she already has $15,000 socked away; how much would she have to put away annually to accumulate the required years? Round the answer to the nearest cent. $ d. Given that Ashley has an idea of how much she needs to save, briefly explain how she could use an investment plan to help reach her objective
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