You wish to retire in 12 years, at which time you want to have accumulated enough money to receive an annual annuity of $27,000 for 17 years after retirement. During the period before retirement you can earn 8 percent annually, while after retirement you can earn 10 percent on your money. What annual contributions to the retirement fund will allow you to receive the $27,000 annuity? Use Appendix C and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places. Appendix Future value of an antulty of $1. Fixa PV-AA -1 Period 1.000 2010 1000 2.110 3342 4710 6.228 7913 9.783 11859 14.164 16.722 19561 15.784 1.000 1.000 2020 2030 30503091 4.122 4.184 $ 204 5.309 6 308 6468 7434 7662 8.583 8.892 9.755 10.159 10.950 11464 12.169 12.808 13.412 14.192 146.80 15.618 15 974 17086 17 29318.599 18.639 20.157 20.012 21.762 21.412 23 414 22841 25.117 24 297 26.870 3203036459 40 588 47575 60.402 75401 84.579 112 80 4060 5.101 6.152 7214 8.286 9.369 10462 11.567 12.683 13 809 14.947 16.097 17 258 18430 19.615 20811 22019 28.243 34.785 48.886 64.463 1.000 1.000 1.000 2040 2050 2.060 3.122 3.153 3.184 4.246 4310 4375 5416 5 526 5.637 6,633 6.802 6.975 7898 8.394 9 .214 9.549 9.897 10.583 11.027 1 1491 12.006 12 578 13.181 13486 14 207 14.972 15.026 15917 16.870 16.627 17713 18.882 18.292 19.599 21015 20.024 21.579 23.276 21825 23657 25.673 23.698 25.840 28.213 25.645 28.132 30.906 27.671 30 599 33.780 29.778 33.066 36.786 41.646 47.727 54865 56 08566.43979.05. 8 95026 120 30 154.78 152.67 209.35 290 34 7% 8% 9% 10% 1.000 1.000 1.000 1.000 2070 2080 2090 2.100 3.215 3.246 3.278 3310 4440 4.506 4.573 4641 5.751 5.867 5.985 6.105 7.153 7336 7523 7.716 8654 8923 9.200 9487 10.260 10.637 11028 11436 11.978 12488 13,021 13.579 13310 14487 15.193 15 937 16 645 17.500 18.531 17.888 18977 20.141 21384 20.141 21495 22953 24523 22.55024 215 26.019 27975 25.129 27.152 20 361 31.772 27 888 30 324 33.003 35 950 30.840 33.750 38 974 40 545 33.999 37.450 41301 45.599 37 379 41446 46.018 51.159 40.995 45.762 51.160 57 275 63.249 73.106 84.701 98.347 94 461113281363116449 199.64 25900 33719 442 59 406.53 573.77 8 1508 1,1639 22 713 26 212 30095 34 405 39.190 44 501 50396 56 939 64203 114.41 19902 58183 1,6688 Appendix (concluded) Future value of s ulty of $1 2.190 1000 2300 3.990 3539 12% 13% 14% 15% 16% 1.000 1.000 1.000 1.000 1.000 2.120 2.1302 .140 2.150 2.160 34073440 3473 4.770 4.850 4 921 4.993 5.066 63534806610 6.742 6877 8.115 83238536 8.754 8.977 10089 10.405 10.730 11.067 11 414 12 300 12.757 13233 13.727 14.240 14.776 15.416 16.085 16.786 17,519 17.549 18.420 19 337 20304 21.321 20.655 21814 23.045 24 349 25.733 24.133 25 650 27 271 29.002 30.850 28.029 29 985 32 08934 352 36.786 32 393 34 883 37.581 40.505 43.672 37 280 40.417 43.842 47.580 51 660 42.753 46.672 50 980 55.717 60.925 48.884 53.739 59.118 65.075 71.673 55.750 61.725 68.394 75.836 84.141 63440 70 749 78 969 88212 98 603 72052 80 947 91025 10244 115 38 13333 15562 18187 212 79 249 21 24133 293 20 356.79 434 75 5 3031 767.09 1.013.7 1.3420 1,779.1 2.3608 24000 34505 4,994.5 7.217.7 104360 17% 18% 19% 1.000 1.000 1.000 2.170 2 .180 3572 5.141 5215 5.291 7014 7.154 7297 9.207 9.442 9.683 11.772 12.142 12.523 14.773 15 327 15,902 18.285 19.086 19.923 22 393 23.521 24.701 27 200 28.755 30.404 32824 34 931 37.180 39 404 42219 45.244 47.103 50.818 54,841 58.1106 0.965 66.261 66 649 72939 79.850 78.979 8 7068 08022 93.406 103.74 115 27 11029 12341 138.17 130.03 146,63 16542 292 113426040204 64744 70095 0 66.7 3,1345 4,163 21 5,5298 15.090.0 218130 31,5150 20% 25% 1.000 1.000 2.200 2250 3.640 5.368 5.766 7442 8.207 9.930 11.250 12916 15.073 16.499 19.342 20.799 25.802 25.959 33.253 32.150 42.566 39 581 34.208 48.497 68.760 59.196 85.949 72.035 109.69 87442 138.11 105 93 173 64 128.12 218.05 154.74 273.56 186,69 342.95 471 9810548 10548 1.1819 3,2272 73439 30.0890 454970 280,2560 9043 12 756 17.583 23.858 32015 42619 56.405 74327 97625 12791 167 29 21847 28501 371.52 48397 630.17 2.348.80 8.730.0 120.3930 1.650.760