NEED HELP WITH D AND E ONLY! Anne$-$Marie and Yancy calculate their current living expenditures to be $$66,000$ a year. During retirement they plan to take one cruise a year that will cost $$5,000$ in today's dollars. Anne$-$Marie estimated that their average tax rate in retirement would be $16$ percent. Yancy estimated their Social Security income to be about $$19,373$ and their retirement benefits are approximately $$34,181.$ Use this information to answer the following questions:

a$.$ How much income, in today's dollars, will Anne$-$Marie and Yancy need in retirement assuming $70$ percent replacement and an additional $$5,000$ for the cruise?

b$.$ Assuming the $16$ percent income tax estimate during retirement, wat is their tax$-$adjusted need from part a$?$

c$.$ Calculate their projected annual income shortfall in today's dollars.

d$.$ Determine, in dollars, the future value of the shortfall $33$ years from now, assuming an inflation rate of $3$ percent.

e$.$ Assuming a nominal rate of return of $9$ percent and $28$ years in retirement, calculate their necessary annual investment to reach their retirement goals.

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$q,$

a$.$ The pre$-$tax amount, in today's dollars, that Anne$-$Marie and Yancy will need in retirement assuming $70$ percent replacement and an additional $$5,000$ for the cruise is $$51200.($Round to the nearest cent.$)$

b$.$ Assuming the $16$ percent income tax estimate during retirement, wat is their tax$-$adjusted need from part a$?$

The tax$-$adjusted or gross need is $ $($Round to the nearest cent.$)$

c$.$ Their projected annual income shortfall in today's dollars is $$7398\mathrm{.}4.($Round to the nearest cent.$)$

d$.$ The future value of the shortfall $33$ years from now, assuming an inflation rate of $3$ percent is $$5\mathrm{.}0032.($Round to the nearest cent.$)$

Anne$-$Marie and Yancy calculate their current living expenditures to be $$66,000$ a year. During retirement they plan to take one cruise a year that will cost $$5,000$ in today's do estimated that their average tax rate in retirement would be $16$ percent. Yancy estimated their Social Security income to be about $$19,373$ and their retirement benefits are ap Use this information to answer the following questions:

a$.$ How much income, in today's dollars, will Anne$-$Marie and Yancy need in retirement assuming $70$ percent replacement and an additional $$5,000$ for the cruise?

b$.$ Assuming the $16$ percent income tax estimate during retirement, wat is their tax$-$adjusted need from part a$?$

c$.$ Calculate their proje

d$.$ Determine, in dollars

e$.$ Assuming a nominal

Click on the table icon

Data table

ch their retirement goals.

o view the FVIFA table

a$.$ The pre$-$tax amount, nearest cent.$)$

b$.$ Assuming the $16$ pe

The tax$-$adjusted or $g$

c$.$ Their projected ann$$

d$.$ The future value of $t$

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