A man is planning to retire in 20 years. He can deposit money for his retirement at 8% compounded monthly. It is estimated that the future general innovation (J) rate will be 3% compounded annually. What deposit must be made each month until the man retires so that he can make annual withdrawals of $20,000 in terms of today's dollars. over the 15 years following his retirement? (Assume that his first withdrawal occurs at the end of the first six months after his retirement.)

For planning purposes, an individual wants to be able to spend $90,000 per year, at the end of each year, for an anticipated 30 years in retirement. In order to fund this retirement account, he plan to make annual deposits for 20 years at the end of his each working year. What is the amount he need deposit each year to fund his desired retirement spending? Use 10% as an annual simple rate for all calculations.

Catherine Dohanyos plans to retire in 20 years. She will make 20 years of monthly contributions to her retirement account. One month after her last contribution, she will begin the first of 10 years of withdrawals. She wants to withdraw $2400 per month. How large must her monthly contributions be in order to accomplish her goal if the account earns interest of 7.3% compounded monthly for the duration of her contributions and the 120 months of withdrawals? Question content area bottom Part 1 The amount of her monthly contributions must be Senter your response here. (Round to the nearest cent as needed.)

Brian would like to accumulate $130,000 for his retirement in 9 years. If he is promised a rate of 4.32% compounded semi-annually by his local bank, how much should he invest today? Round to the nearest cent