You are about to retire, and you have $350,000 saved. You expect to live 10 years, and inflation is expected to be 2.5%. If your retirement investments return 4%, how much can you withdraw (in real terms) each year? In the retirement problem in #17, what will be the amount (nominal) of your THIRD annual withdrawal? Tuition and fees this year at Poultry University are $12,000. You plan to send your daughter to PU in 12 years and she will attend for 4 years. Expected inflation is 6%, and you can invest at 7.3%. How much must you deposit now to cover this? You make 10 $100 annual payments into an account that pays 5% interest and then you stop. The balance earns 5% for an additional 20 years. What is the balance at the end? Jeff wants to retire in 40 years. He will need $1,000,000 at that time to fund his retirement. An investment account pays 8% per year. Jeff wants to make 10 equal annual deposits into the account and then wait 30 years; how much must each deposit be? You are 25 years old today, and you want to receive a retirement annuity of $50,000 per year starting on your 60th birthday. At age 60 your life expectancy will be 15 years. You want to put money into a mutual fund for the next 10 years and then stop. While you are putting money into the fund, the fund will earn a 6% return. Once you stop putting in money, the fund will return 10% until retirement. The retirement annuity will earn 8%. How much are the 10 annual deposits?