please answer all

ou are planning for a very early retirement. You would like to retire at age 40 and have enough monoy saved to be able to withdraw $235,000 per year for the next 40 ears (based on family history, you think you will live to age 80). You plan to save by making 20 equal annual installments (from age 20 to age 40) into a fairly risky investment fund that you expect will earn 14% per year. You will leave the money in this fund until it is completely depleted when you are 80 years old. (Click the icon to view Present Value of $1 table) Click the icon to view Present Value of Ordinary Annuity of $1 table.) Click the icon to view Future Value of S1 table.) (Click the icon to view Future Value of Ordiniary Annuity of S1 table) Read the requirements Requirement 1. How much money must you accumulate by retirement to make your plan work? (Hint: Find the prosent value of the $235,000 withdrawals.) (Round your final arvwer to the nearest whole dollar.) To make the plan work, you must accumulate this amount by retirement Enter any number in the edit fields and then click Check Answer 2 parts romaning Clear All Check Answer 1 i Requirements 1. How much money must you accumulate by retirement to make your plan work? (Hint: Find the present value of the $235,000 withdrawals.) 2. How does this amount compare to the total amount you will withdraw from the investment during retirement? How can these numbers be so different? Print Done