Question: please answer quick First is Appendix A, Second is Appendix C A self-employed person deposits $4,000 annually in a retirement account (called a Keogh or

A self-employed person deposits $4,000 annually in a retirement account (called a Keogh or H.R. 10 plan) that earns 9 percent. Use Appendix A and Appendix C to answer the questions. Round your answers to the nearest dollar a. How much will be in the account when the Individual retires at the age of 65 if the savings program starts when the person is age 50? $ b. How much additional money will be in the account Ir the saver defers retirement until age 70 and continues the contributions? $ C. How much additional money will be in the account if the saver discontinues the contributions at age 65 but does not retire until age 70? $ Interest Factors for the Future Value of One Dollar 14% 18% Time Period leg. year 1 2 3 4 5 IN 2% 3% 4% 5% 6% 7% 1.010 1.020 1030 1.040 1.050 1.060 1.070 1.020 1.040 1.061 1.082 1.102 1.124 1.145 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.041 10B2 1.126 1.170 1.216 1.262 1311 1051 1104 1159 1.217 1276 1338 1403 8% 1.080 1.166 1.260 1.360 1469 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1611 12% 1.120 1.254 1.405 1.574 1.762 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.322 1.521 1.749 2011 16% 1.160 1346 1.561 1.811 2.100 1.180 1.392 1.643 1939 2288 20% 1.200 1.440 1.728 2.074 2488 6 1.062 1.126 1.194 1.265 1.340 1.4191501 7 1.072 1.149 1.230 1316 1.407 1504 1606 8 1.083 1.172 1.267 1.369 1477 1.594 1.718 9 1.094 195 1305 1.423 1.551 1689 1838 10 1.105 1219 1.344 1480 1.629 1791 1967 1.587 1714 1.851 1.999 2.159 1.677 1.828 1993 2.172 2 367 1.772 1.949 2.144 2.358 2.594 1.974 2.211 2.476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 2313 2.660 3.059 3.518 4,046 2.436 2.826 3.278 3.803 4.411 2.700 3.186 3.759 4.436 5.234 2.986 3.583 4.300 5.160 6.192 11 12 13 14 15 1.116 1.2431384 1539 1210 1.898 2.105 1.127 1.268 1.426 1.601 1796 2.012 2.252 1.138 1.294 1.469 1.665 1.886 2.133 2.410 1.149 1319 15131732 1980 2261 2.579 1.161 1346 1558 1801 2.079 2.397 2.759 2.332 2.518 2.720 2.937 3.172 2.580 2.813 3,066 3342 3.642 2.853 3.138 3.452 3.797 4.177 3.479 4.226 3.896 4.818 4.363 5.492 4.887 6.261 5474 7.138 4.652 5.350 6.153 7076 8.137 5.117 5.936 6.886 7.988 9.266 6.175 7.287 8.599 10.147 11973 7430 8.916 10.699 12.839 15.407 16 17 18 19 20 1.173 1373 1605 1.873 2.183 2540 2.952 1.134 400 1653 1.948 2.292 2,693 3.159 1.196 1.428 1.702 2.026 2.407 2.854 3.380 1208 1457 1.754 2.107 2527 3.026 3.617 1.220 1.486 1.806 2.1912.653 3.207 3.870 3.426 3.700 3.996 4316 4.661 3970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.728 6.130 8.137 9:358 10.748 6.866 9.276 10.761 12.468 7690 10.575 12.375 14.463 8.613 12.056 14.232 16.777 9.646 13.743 16 367 19.461 14.129 16.672 19.673 23.214 27393 18.488 22.186 26.623 31 38.337 25 1,282 16412094 2,565 3.386 4.292 5427 6.848 8.623 10.835 17.000 26.462 3291940.874 62.688 95.396 30 1348 1.811 2427 3243 4322 5743 7612 10.063 13.268 17449 299605095066 212 85.850 143370 237370 Interest Factors for the Future Value of an Annuity of One Dollar Time Period leg year) 1 2 3 4 5 15 1.000 2010 3.030 4.060 5.101 2% 1.000 2.020 3,060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 1000 2.040 3.122 4.246 5.416 5% 1.000 2.050 3.152 4.310 5.526 6% 1.000 2.060 3.184 4.375 5.637 7% 1.000 2.070 3.215 4.440 5.751 8% 1.000 2.080 3.246 4.506 5.867 9% 1.000 2.090 3.278 4.573 5.985 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3.374 4.770 6.353 1.000 2.140 3.440 4.921 6.610 16% 1.000 2.160 3.506 5.067 6.877 20% 1.000 2.200 3.640 5.368 7.442 6 7 6.152 7.214 8.286 9.869 10.462 6.308 7.434 8.583 9.755 10950 6468 7.662 8.892 10.159 11.464 6.633 7.898 9.214 10.583 12.006 6.802 8.142 9.549 11.027 12.578 6.975 8.394 9.897 11.491 13.181 7.153 8.654 10.260 11978 13.816 7.336 8.923 10.637 12.488 14.487 7.523 9.200 11.028 13.021 15.193 7.716 9.487 11.436 13.579 15.937 8.115 10.089 12.300 14.776 17.549 8.536 10.730 13.233 16.085 19.337 8.978 9.930 11.413 12915 14.240 16.499 17.518 20.798 21.321 25958 9 10 13 12 13 14 15 11.567 12682 13.809 14947 16.097 12.169 13.412 14.680 15974 17.293 12.808 14.192 15.618 17.086 18.599 13.486 15.026 16.627 18.292 20.024 14.207 15.917 17.713 19.599 21.579 14.972 16.870 18.882 21.051 23.276 15.784 17.888 20.141 22550 25.129 16.645 18.977 21.495 24.215 27.152 17.560 18.531 20.141 21.384 22.953 24.523 25.019 27.975 29.367 31.772 20.655 24.138 28.029 32.393 37 280 23.044 27.271 32.089 37581 43842 25.732 32.150 30.850 39.580 36.786 48.496 43,672 59.195 51.659 72.035 16 1 1 19 20 17.250 18430 19,615 20.811 22.019 18.639 20.012 21.412 22 841 24.297 20:157 21762 23.414 25.117 26.870 21.825 23.657 25.673 23.698 25.840 28.213 25.645 28.132 30 906 27.671 30.539 33.760 29.778 23.066 36.786 27 888 30.840 33999 37.379 40.995 30.324 33.003 33.750 36.974 37.450 41.301 41.446 46.018 45.762 51.160 35 950 40.545 45.599 51.159 52.275 42.752 48.884 55.750 63.400 72.052 50.980 59,118 68.934 78.969 01.025 60.925 87.402 71.672 105.98 54.140 128.11 98,603 154.74 115.270 186.68 25 2824 47.727 54 865 63. 249 72.106 84.701 98.347 13333 181.87 249.210 471.98 32030 36.459 41.646 10568 47575 56085 30 34785 66.430 79,058 94.461 113.283 136 308 164.494 241.333356.878 530310 TB 8
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
