Question: please answer all questions. if you can answer quick i would appreciate it a lot. thank you soo much You are trying to decide how

please answer all questions. if you can answer quick i would appreciate it a lot. thank you soo much please answer all questions. if you can answer quick i would appreciate

You are trying to decide how much to save for retirement. Assume you plan to save $7,500 per year with the first investment made one your from now. You think you can cam 10.0% per year on your investments and you plan to retire in 26 years, immediately after making your Inst 7,500 investment. a. How much will you have in your retirement account on the day you retire? b. instead of investing $7,500 per year, you wanted to make ano lump-sum investment today for your retiromont that will result in the same rotirement saving, how much would that lump sum need to be? c. If you hope to live for 25 years in retirement , how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 26th withdrawal (assume your savings will continue to eam 10.0% in retirement)? d. I. Instead, you decide to withdraw S164,000 per year in retirement (again with the first withdrawal one year after retiring), how many years wil it take until you exhaust your savings? (Use trial-and-error, a financial calculator solve for "N", or Excel function NPER) o. Assuming the most you can afford to save is $1,500 per year, but you want to retire with $1,000,000 in your investment account, how high of a rotum do you need to cam on your investments? (Uso trial-and-error, a financial calculator solve for the interest rate, or Excel-function RATE) a. How much will you have in your retirement account on the day you retire? The amount in the retirement account in 26 years would be $ (Round to the nearest cant) b. If, instead of investing $7,500 per year, you wanted to make one lump sum investment today for your retirement that will result in the same rotiromant saving, how much would that lump sum need to be? You will need to make one lump sum investment today of $ (Round to the nearest cont.) c. If you hope to live for 26 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 26th withdrawal (assume your savings will continue to eam 10.0% in retirement)? The amount you can withdraw every year in retirement is $. (Round to the nearest cent.) d. , instead, you decide to withdraw $164,000 per year in retirement (again with the first withdrawal one year after retiring), how many yours will it take until you exhaust your savings? (Use trial and error, a financial calculator solve for "Nor Excel function NPER) You will exhaust your savings in years. (Round to two decimal places) c. Assuming the most you can afford to save is $1,500 per year, but you want to retire with $1,000,000 in your investment account, how high of a roturn do you need to cam on your investments? (Use trial-and-ortor, a financial calculator solve for the interest rate, or Excel function RATE)

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