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Question: future value of an annuity your client 32 years o...

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FUTURE VALUE OF AN ANNUITY Your client 32 years o d She v ants to begin sev ng or retirement. with the first payment to come one year rom no She can seve s3 000 per year, and you adv se her to i vest t in the stock merket v ich you expect to provide en average retur of 8% n the future. a. If she follows your advice, how much money will she have at 65? Round your answer to the nearest cent. b. How much will she have at 707 Round your anwer to the nearest cent. e. She expects to live for 20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to wthdraw at the end of each year after retirement at each retirement age? Round your answers viahdraw to the nearest cent. Annual withdrawals if she retires at 65: Annual withdrawals if she retires at 70:

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