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QUESTION

` Question Help\ Your last $6 , 500 investment . a . How much will you have in your retirement account on the day you retire ?' b . If ,

need help on all of these

$6,500

5.5

37

$6,500

a.

b.

$6,500

c.

18

18

5.5

d.

$148,000

e.

$1,300

$1,000,000

a.

37

b.

$6,500

c.

18

18

5.5

d.

$148,000

e.

$1,300

$1,000,000

` Question Help\Your last $6 , 500 investment ."a . How much will you have in your retirement account on the day you retire ?'b . If , instead of investing $6 , 500 per year , you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving , how much would that lump sum need to be ?"function RATE )a . How much will you have in your retirement account on the day you retire ?The amount in the retirement account in 37 years would be*$ . ( Round to the nearest cent . )b . If , instead of investing $6 , 500 per year , you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving , how much would that lump sum need to be ?"You will need to make one lump sum investment today of $| | . ( Round to the nearest cent . )The amount you can withdraw every year in retirement is*$ . ( Round to the nearest cent . )You will exhaust your savings in\\ years . ( Round to two decimal places . )function RATE )You will need a return of 1\ % . ( Round to two decimal places . )
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