e Edit View History Bookmarks People Window Help @Do Hormew >( ld-467 10 (- cle secure: https://www.mathad.com/Student/playerHomework.as Principles of Busliness Finance Web Spring 2018 Homework: Chapter 6 Homework Save 11 of 11 (11 complete) HW Score: 90.91%, 10 of 11 pts Score: 0 of 1 pt P6-24 (similar to) Question Help * (Future value of an annulty and annulty payments) You are trying to plan for retirement in 10 years, and currently you have $120,000 in a savings account and $200,000 in stocks. In addition, you plan to deposit $8,000 per year into your savings acocount at the end of each of the next 5 years, and then $10,000 per year at the end of each year for the final 5 years until you retire. a. Assuming your savings account retuns 9 percent compounded annually, and your investment in stocks will return 13 percent compounded annually, how much will you have at the end of 10 years? (ignore taxes.) b. If you expect to live for 16 years after you retire, and at retirement you deposit all of your savings into a bank account paying 12 percent, how much can you withdraw each year after you retre (making 16 equal withdrawals beginning one year after you retre) so that you end up with a zero-balance at death? a. Assume your savings account returns 9 percent compounded annually, and your investment in stocks will retum 13 percent compounded annually How much will you have at the end of 10 years in your savings account? (ignore taxes.) (Round to the nearest oent) Enter your answer in the answer box and then click Check Answer Clear All remaining Check Answer 20 MacBook Air FS 2 4