1. Using your present age (20), calculate the annual deposit you must make to an account so that you will have accumulated $2 million at retirement

Amount of annual deposit=___________

1. Calculated Using: n=_____, PV=________, I=____, FV=__________
2. Assume that you will retire on your seventieth birthday.
3. Assume that you make your first deposit on your next birthday and the last deposit on your 69^th birthday.
4. The rate is 9

1. (4 points) Calculate the amount that you can withdraw from your retirement savings each year so that is nothing left when you die.

Amount of annual withdrawal=___________

1. Calculated Using: n=_____, PV=________, I=____, FV=__________
2. Assume that your life expectancy is 95 years.
3. To simplify the problem, assume that each withdrawal is the same amount each year and that the first withdrawal is on your 70^th birthday and your last withdrawal is on your 94^th birthday. Use the same interest rate as Part 1.
4. Using your present age (20), calculate the annual deposit you must make to an account so that you will have accumulated $2 million at retirement

**I am unsure if my calculator should be set in beginning mode or not**