You wish to retire in 10 years and currently have $50,000 in a savings account yielding 5 percent annually and $90,000 in quality "blue chip" stocks yielding 12 percent. If you expect to add $30,000 at the end of each year to your stock portfolios, how much will you have in your retirement fund when you retire? Use Appendix A and Appendix C to answer the question. Round your answer to the nearest dollar. $.............?

What rate of return must you earn on your retirement funds if you want to withdraw $101,000 per year for the next 15 years after retiring? Use Appendix D to answer the question. Round your answer to the nearest whole number. % .........?

appendix A

appendix C

appendix D

Interest Fantore far the Interest Factors for the Future Value of an Annuity of One Dollar Interest Factors for the Present Value of an Annuity of One Dollar