Using a financial calculator yleids a future value of this ordinary annuity to be approximately at age 65 . Kenjl expects to live for another 30 years if he retires at age 60 , with the same expected percent return on investments in the stock market. He would like to calculate how much he can withdraw at the end of each year after retirement. Use the following table to indicate which values you should enter on your financia/ calculator in order to solve for PMT in this scenario. For example, if you are using the value of 1 for N, use the selection list above N in the table to select that value. Using a financial calculator, you can calculate that Kenji can withdraw at the end of each year after retirement (assuming retirement at age 60 ), assuming a fixed withdrawal each year and $0 remaining at the end of his life. Kenjl expects to live for another 25 years if he retires at age 65 , with the same expected percent return on investments in the stock market. Use the following table to indicate which values you should enter on your financlal calculator. For example, if you are using the value of 1 for N, use the selection list above N in the table to select that value. Input NV1/YV Keystroke Output Amount saved for retirement by age 65 0 pv PMT FV ? Using a financial calculator, you can calculate that Kenji can withdraw at the end of each year after retirement at age 65 , assuming a fixed withdrawal each year and $0 remaining at the end of his life. Step 3: Practice: Future Value of an Annuity Now it's time for you to practice what you've learned. Suppose that Kenji is 45 years old and has no retirement savings. He wants to begin saving for retirement, with the first payment coming one year from now. He can save $25,000 per year and will invest that amount in the stock market, where it is expected to yield an average annual return of 15.00% return. Assume that this rate will be constant for the rest of his's life. Kenji would like to calculate how much money he will have at age 60. Using a financial calculator yields a future value of this ordinary annuity to be approximately at age 60. Kenji would now like to calculate how much money he will have at age 65. Using a financial caiculator yields a future value of this ordinary annuity to be approximately at age 65. Kenji expects to live for another 30 years if he retires at age 60 , with the same expected percent return on investments in the stock market. Using a financial calculator, you can calculate that Kenji can withdraw at the end of each year after retirement (assuming retirement at age 60 ), assuming a fixed withdrawal each year and $0 remaining at the end of his life. Kenji expects to live for another 25 years if he retires at age 65 , with the same expected percent return on investments in the stock market: Using a financial calculator, you can calculate that Kenji can withdraw at the end of each year after retirement at age 65 , assuming a fixed withdrawal each year and $0 remaining at the end of his life. Suppose that Kenj is 45 years old and has no retirement savings. He wants to begin saving for retirement, with the first payment coming one year from now. He can save $20,000 per year and will invest that amount in the stock market, where it is expected to yield an average annual return of 12.00% return. Assume that this rate will be constant for the rest of his's life. In short, this scenario fits all the criteria of an ordinary annuity. Kenji would like to calculate how much money he will have at age 60. Use the following table to indicate which values you should enter on your financial calculator. For example, if you are using the value of 1 for N, use the selection list above N in the table to select that value. Using a financial caiculator yields a future value of this ordinary annuity to be approximately at age 60. Kenj would now like to calculate how much money he will have at age 65 . Use the following table to indicate which values you should enter on your financial calculator. For example, if you are using the value of 1 for N. Use the selection list above N in the table to select that value