What is the amount of Allison's first retirement distribution at age 67?

solve for FV

a. $110,825.08.

b. $143,576.36.

c. $147,715.72.

d. $210,981.86.

Allison, age 40, earns $95,000 annually; her wage replacement ratio has been determined to be 70%. She expects inflation will average 3% over her entire life expectancy. She expects to work until 67 , and live until 95. She anticipates a 7.5% return on her investments. Allison does not expect to receive any Social Security retirement benefits