Homework: ASSESS Chapter 21 Homework Question 19, Text Problem 21-23 III 15.67 of 24 points O Points: 0 of 1 Save Consider the table to the right. Suppose that you are planning your retirement. The appropriate interest rate for computing the present values of future dollars to be received is 8 percent, and you plan to "cash in all of what you save for retirement this year in exactly 50 years. How many dollars would you have to save this year to ensure being able to have a total of $80,000 accumulated 50 years from now? Since you want to have $80,000 available 50 years from now for your retirement, you would need to save this year in order to meet your goal. (Enter your response rounded to the nearest whole member) Year 1 2 3 4 5 6 7 8 9 Discounted Present Values of 51 3% 5% 8% 10% 20% 0.970909524 0.9259 0.9091 0.8333 0.9428 0.9070 08573 08264 0.8944 0.9151 0.8638 0.7938 0.7513 05787 08885 08227 0.7350 0.6830 0.4823 0.8626 0.7835 0.6806 0.6209 0.4019 0.8375 0 7482 08302 0.5045 03349 08131 0.7107 0.5835 05132 0.2791 0.7894 06768 05403 0466502126 0.7684 06446 05002 0.41 0.1938 . Checkanser Clear all Get more help - Etext pages Help me solve this