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yeu are 43 io stant taving and then save $10.500 per year for the next 10 years, Assume you wil each the historic slock market
yeu are 43 io stant taving and then save $10.500 per year for the next 10 years, Assume you wil each the historic slock market averege of 14% per year (Cink the ican lo view bhe future value annulty lactar table.) (Clck the inen to viee the auture value faclor tatile) Clck the icen mever the gresent value antmity facter latle) (Clic the icen fo vera the presen valze foctor latia) Read the reculements Requirements Requirement 1. How inuch oud of pocket canh will you irvest under the two spoon? Calculate how much out of pocket cash you will hvest under the two epbons 1. How mach out ef pocket cath will you invest under the fwo optona? 2. How mucts saringe will you have accurvulated at age 53 under the wo eptiens? 3. Exglain the iesut 4. If you let the savings cectimue to grow for nine more years fwith ne further outof pocket imestents), under each scellario, what wedi be investrees be worth when you are age 62?? Requinement 2. How much swings wif you heve accurmlaied at ape 53 under the wo ophons? Oytion 1. Cpisis 7 Hequirement 3 Explain the resuls. The stategy invoting grews sulvarialy larger over timi Ths is dos to the fact that pie cavings are ivested so tame soes the wak. Copesin 1
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