we You are planning for a very early retirement. You would be to retire at age and have enough money saved to be able to withdraw $235.000 per year for the next 30 years based on family history, you in you will live to age 70). You plano we by making 15 equal arvul installiert (fromage 25 to age 40) into a fartyrisky investment fund Pal you expect wil vom 12% per year. You will leave the money in the fund until the completely depleted when you are 70 years old Click the icon to view Present Value of $1 Click the icon to view Present Value of Ordinary Annuity of $1 bile) Click the loon to view Future of 51 ) Click the icon to view Pure Value of Ordinary Arnally of table) Read the requirements Requirement 1. How much money must you accumulate by retrement to make your plan work? Her Pind the presentate of the $236,000 widowals) Round your frel anwer to the nearest whole dolar) To make the plan word, you must me by retirement Requirement 2. How does this amount come to the amount you will window from the investment during retirement? How can these numbers besoin Over the course of your retirement you will be withdrawings However, bye 40 you only need to have invested These numbers are different because OA. You need to have far more accumulated than what you will withdraw become you with a large portion of these every year--the balance remains invested where it continues to com 12% interest OB. You need to have for less accumulated than what you will withdraw because you only withdraw a portion of the investment every year the balance remain invested where comes to cam 12% interest OC. You need to have the same amount tocumulated as you wil withdraw because you will not can further interest on your investment when you reach retirement OD. None of the above This Test: 50 pts possible Question Help You are planning for a very earty retirement. You would like to retire at age 40 and have enough money saved to be able to withdraw $235,000 per year for the next 30 years (based on family history, you think you will live to age 70). You plan to save by making 15 equal annual installments (from age 25 to age 40) into a fairly risky investment fund that you expect wil eam 12% per year. You will leave the money in this fund until it is completely depleted when you are 70 years old. (Click the icon to view Present Value of $1 table.) Click the icon to view Present Value of Ordinary Annuity of $1 table.) Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. ve yurveyou were Uwever, wyw you un TV These numbers are different because O A. You need to have for more accumulated than what you will withdraw because you will withdraw a large portion of the investment every year--the balance remains invested where it continues to earn 12% Interest. OB. You need to have far less accumulated than what you will withdraw because you only withdraw a portion of the investment every year--the balance remains invested where it continues to cam 12% interest. OC. You need to have the same amount accumulated as you will withdraw because you will not eam further interest on your investment when you reach retirement OD. None of the above Choose from any list or enter any number in the input fields and then continue to the next question . $ 4 % 5 3 6 7 9 C C W E R Y P S D F G H K Question Help You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to withdraw $235,000 per year for the next 30 years (based on family history. you think you will live to age 70). You plan to save by making 15 equal annual installments (tromage 25 to age 40) into a fairty risky investment fund that you expect wil eam 12% per year. You will leave the money in this fund until it is completely depleted when you are 70 years old. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table) Read the requirements Requirement 1. How much money must you accumulate by retirement to make your plan work? (Hint Find the present value of the $235,000 withdrawals.) (Round your final answer to the nearest whole dollar.) To make the plan work, you must accumulates by retirement Requirement 2. How does this amount compare to the total amount you will withdraw from the investment during retirement? How can these numbers be so different? Over the course of your retirement you will be withdrawings However, by age 40 you only need to have invested These numbers are different because Choose from any list or enter any number in the input fields and then continue to the next question . S 4 % 5 6 B 7 3 9 2 C C 0 E Y W R Q . K K G . S F D