A 40-year-old woman decides to put funds into a retirement plan. She can save $2,000 a year and earn 5 percent on this savings. How much will she have accumulated if she retires at age 65? Use Appendix C to answer the question. Round your answer to the nearest dollar. 5 5 95454 At retirement how much can she withdraw each year for 15 years from the accumulated savings if the savings continue to earn 5 percent? Use Appendix D to answ he question. Round your answer to the nearest dollar.

Retirement income is the income received by the retiring person after retirement. Income can either be paid every month or paid annually. The retiree would get a guaranteed income until their death. Retirement income payment differs from person to person…