You need $1,000,000 when you retire to fund your lifestyle. In addition, you want to leave $50,000 to SMU for a scholarship after 30 years of retirement. To determine the NEW total funds you would require at retirement, you would do which of the following calculations: $1,000,000 minus PV of $50,000 using annuity formula. $1,000,000 minus PV of $50,000 using lump sum formula. $1,000,000 plus PV of $50,000 using a lump sum formula. $1,000,000 plus $50,000. $1,000,000 plus PV of $50,000 using an annuity formula. $1,000,000 plus PV of $50,000 using PV perpetuity formula