Sen German, 4 yw old woma, par to retreat age 65, and he wants to commutate 460.000 per the next 5 years to supplement the retirement programa provided by the federal government and her employer She expect to an Stanley 2.6 and are often we grow $140.000 by her send the $140.000 fpe is found using free of money techniques. Chapter 4 Apol) Stari conuts a financial vier de domine how much money there each year to meet her retromating here. The distanshee bo 5.4 1 ach year she will come $1.000 typ 65. Sving times that amount schy 312004, www cerowy 55.000 by age 6 How much of money does the need to leave to reach the goal of 5460.000 How much is to tumulate the une part over the next 25 years To reach you 80.000. Stretol Rond to the eart) To emitin para ver the news you the outside wound to the newest Stefani German, a 40-year-old woman, plans to retire at age 65, and she wants to accumulate $460,000 over the next 25 years to supplemer an average annual return of about 4% by investing in a low-risk portfolio containing about 20% short-term securities, 30% common stock, and Stefani currently has $52,516 that at an annual rate of return of 4% will grow to about $140,000 by her 65th birthday (the $140,000 figure is for determine how much money she should save each year to meet her retirement savings objective. The advisor tells Stefani that if she saves ab $120.05, allows Stefani to accumulate roughly $5,000 by age 65. a. How much additional money does Stefani need to accumulate over time to reach her goal of $460,000? b. How much must Stefani save to accumulate the sum calculated in part a over the next 25 years? a. To reach her goal of $460,000, Stefani needs to accumulate (Round to the nearest dollar) b. To accumulate the sum calculated in part a over the next 25 years, the amount Stefani must deposit annually is $ (Round to the nearest cer o wants to accumulate $450,000 over the next 25 years to supplement the retirement programs provided by the federal government and her employer. She expects to earn containing about 20% short-term securities, 30% common stock, and 50% bonds urow to about $140.000 by her 65th birthday (the $140,000 figure is found using time value of money techniques, Chapter 4 Appendix) Stefani consults a financial advisor to rement savings objective. The advisor tells Stefani that if she saves about $24.01 each year, she wil accumulate $1,000 by age 65. Saving 5 times that amount each year, me to reach her goal of $460.0007 art over the next 25 years? Round to the nearest dollar) the amount Stefani must deposit annually is (Round to the nearest cent.)
