Use this scenario to answer the following 3 questions You plan to retire 25 years from today and start withdrawing $90,000 per year at the end of each year for the next 35 years with the first withdrawal occurring at the end of year 26 You expect to inherit $75,000 from your aunt 10 years from today which you will add to your retirement savings Over the next 25 years, you want to save a constant amount each year to cover your retirement needs (you will make the deposits at the end of each year starting one year from now) Your retirement account earns 8 and so will your retirement funds 1 How much money needs to be in your account 25 years from today to satisfy your retirement needs Round your answer to the nearest dollar (no decimals) (An answer of $100 12 would be entered as 100) 2 What is the value of the inheritance as of the time of the retirement (end of year 25) Round your answer to the nearest dollar (no decimals) (An answer of $100 12 would be entered as 100) 3 How much do you need to save at the end of each of the next 25 years to achieve your retirement goal Round your answer to the nearest dollar (no decimals) (An answer of $100 12 would be entered as 100)

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Use this scenario to answer the following 3 questions: You plan to retire 25 years from today and start withdrawing $90,000 per year at the

Use this scenario to answer the following 3 questions:

You plan to retire 25 years from today and start withdrawing $90,000 per year at the end of each year for the next 35 years with the first withdrawal occurring at the end of year 26.

You expect to inherit $75,000 from your aunt 10 years from today which you will add to your retirement savings.

Over the next 25 years, you want to save a constant amount each year to cover your retirement needs. (you will make the deposits at the end of each year starting one year from now).

Your retirement account earns 8% and so will your retirement funds.

How much money needs to be in your account 25 years from today to satisfy your retirement needs? Round your answer to the nearest dollar (no decimals). (An answer of $100.12 would be entered as 100).

What is the value of the inheritance as of the time of the retirement (end of year 25)? Round your answer to the nearest dollar (no decimals). (An answer of $100.12 would be entered as 100).

How much do you need to save at the end of each of the next 25 years to achieve your retirement goal? Round your answer to the nearest dollar (no decimals). (An answer of $100.12 would be entered as 100).