Please answer the questions on the case study. It needs to be 700 words and must show all calculations. Needed as soon as possible.

BUSI 352 Case Study 2 Grading Rubric Criteria CS Question 1 CS Question 2 CS Question 3 CS Question 4 CS Question 5 CS Question 6 Levels of Achievement Proficient 4 to 5 points Points Earned Competent 2 to 3 points Novice 0 to 1 points The calculation is correct, and the explanation is logical or feasible. The calculation is correct, but an explanation is not provided or it is not logical or feasible. The calculation is incorrect and/or an explanation is not provided. 5 to 7 points 2 to 4 points 0 to 1 points All or most of the calculations are correct. Some of the calculations are incorrect, but a few are correct. All or most of the calculations are incorrect. 4 to 5 points 2 to 3 points 0 to 1 points All or most of the calculations are correct. Some of the calculations are incorrect, but a few are correct. All or most of the calculations are incorrect. 7 to 9 points 3 to 6 points 0 to 2 points Three alternatives are provided and all or most of the calculations are accurate and/or the explanations are logical or feasible. Three alternatives are provided, but some calculations are inaccurate and/or the explanations are not logical or feasible. Less than three alternatives are provided or the calculations are inaccurate and/or the explanations are not logical or feasible. 7 to 9 points 3 to 6 points 0 to 2 points All or most of the calculations are correct. Some of the calculations are incorrect, but a few are correct. All or most of the calculations are incorrect. 7 to 9 points 3 to 6 points 0 to 2 points All or most of the calculations are correct. Some of the calculations are incorrect, but a few are correct. All or most of the calculations are incorrect. Page 1 of 2 BUSI 352 CS Question 7 4 to 5 points 2 to 3 points 0 to 1 points The discussion of the methods is summarized in your own words and the information is accurate. The discussion of the methods is summarized in your own words and/or some of the information is accurate. The discussion of the methods is copied from the textbook or the information is inaccurate. Levels of Achievement Criteria CS Question 8 Types of Sources Mechanics Minimum Word Requirement Points Earned Proficient 7 to 9 points Competent 3 to 6 points Novice 0 to 2 points Most or the entire question is answered adequately and summarized in your own words. Part of the question is answered All parts of the question are not adequately and/or some of the answer answered adequately and/or the is summarized in your own words. answer is not summarized in your own words. 4 points 2 to 3 points 0 to 1 points 2 personal finance journals, magazines, or newspapers used. Only 1 source used or 2 sources used, but only 1 is a personal finance journal, magazine, or newspaper. No sources used or all sources used are not personal finance journals, magazines, or newspapers. 4 points 2 to 3 points 0 to 1 points Minimal or no grammatical, spelling, punctuation, and current APA style errors. A few grammatical, spelling, punctuation, and current APA style errors. Many grammatical, spelling, punctuation, and current APA style errors. 4 points 2 to 3 points 0 to 1 points Case study meets or exceeds the 700-word requirement. Case study is slightly less than the 700-word requirement. Case study is significantly less than the 700-word requirement. Total Instructor's Comments: Page 2 of 2 BUSI 352 CASE STUDY 2 Your client, Steven, age 43, has come to you for assistance with retirement planning. He provides you with the following facts. He earns $80,000 annually. His wage replacement ratio has been determined to be 80%. He expects inflation will average 3% for his entire life expectancy. He expects to work until 68, and live until 90. He currently has $60,000 saved, and he is averaging a 9% rate of return and expects to continue to earn the same return over time. He has been saving $3,000 annually in his 401(k) plan. Additionally, Social Security Administration has notified him that his annual retirement benefit, in today's dollars will be $26,000. 1. Using calculations, explain to Steven why it is realistic to use a wage replacement ratio of 80%. 2. Using the annuity method, calculate how much capital Steven will need to be able to retire at age 68. 3. Given his current resources, does he have sufficient resources to achieve his retirement goal? Using calculations, show and explain your answer to Steven. 4. Provide Steven with 3 alternatives for meeting his retirement goal. In doing so, use calculations to show the impact of each alternative. Before hiring you as his financial planner, Steven was going to another planner. He mentions that the other planner calculated this retirement needs another way, so he asks you to calculate his retirement needs using other methods. 5. Using the capital preservation method, calculate how much capital Steven needs in order to retire at 68. 6. Using the purchasing power preservation method, calculate how much capital Steven needs in order to retire at 68. 7. In your own words, provide Steven with the advantages and disadvantages of each method and explain why the amounts calculated are different with the three methods. 8. In your own words, provide Steven with the advantages and disadvantages of 2 investment instruments that are used specifically to save for retirement. Which would you recommend and why? Your completed Case Study must contain a minimum of 700 words and 2 citations in current APA format. Acceptable sources are personal finance journals, magazines, or newspapers. Submit Case Study 2 by 11:59 p.m. (ET) on Monday of Module/Week 7