Question: please help! Reference Reference t to retire early at age 52. You plan to save using one of the following two strategies: (1) save $2,700

please help!

plan to save using one of the following two strategies: (1) save

$2,700 a year in an IRA beginning 37 to start saving and

then save $4,500 per year for the next 15 years. Assume you

will earn the historic stock market average 0 Reference Reference Requirements 1.

How much out-of-pocket cash will you invest under the two options? 2.

Reference Reference t to retire early at age 52. You plan to save using one of the following two strategies: (1) save $2,700 a year in an IRA beginning 37 to start saving and then save $4,500 per year for the next 15 years. Assume you will earn the historic stock market average 0 Reference Reference Requirements 1. How much out-of-pocket cash will you invest under the two options? 2. How much savings will you have accumulated at age 52 under the two options? 3. Explain the results. 4. If you let the savings continue to grow for ten more years (with no further out-of-pocket investments), under each scenario, what will the investment be worth when you are age 62? (Click the ican to view the futute value anmily fuctor table). (Cick the icon to view the huture vitue tacter table) (Cidid the ken to vinw the present watue ancily factor tablo.) [Cick the icon to view the present value factor labin?) Arod the Requirement 1. How much oul-of-podet cash will you invest under the two optiona? Calculate how much oct - f - pocket cash you will invest under the two options Optran 1

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