Sandra Jones intends to retire in 20 years at the age of 65. As yet, she...

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Sandra Jones intends to retire in 20 years at the age of 65. As yet, she has not provided for retirement income, and she wants to set up a periodic savings plan to do this. She has the opportunity to make equal annual payments into a savings account that pays 4 percent interest per year. She intends that the accumulated investments at age 65 will support withdrawals for 25 years, when she will be 90 years young. Feel free to use tables from your text or a financial calculator. I think the tables from your text show these figures for 4 percent: Periods 20 25 PV of an annuity FV of an annuity 13.590 15.622 29.778 41.646 Required How large must her deposits be to ensure that after retirement she will be able to withdraw $50,000 per year? Sandra Jones intends to retire in 20 years at the age of 65. As yet, she has not provided for retirement income, and she wants to set up a periodic savings plan to do this. She has the opportunity to make equal annual payments into a savings account that pays 4 percent interest per year. She intends that the accumulated investments at age 65 will support withdrawals for 25 years, when she will be 90 years young. Feel free to use tables from your text or a financial calculator. I think the tables from your text show these figures for 4 percent: Periods 20 25 PV of an annuity FV of an annuity 13.590 15.622 29.778 41.646 Required How large must her deposits be to ensure that after retirement she will be able to withdraw $50,000 per year?