CPI Percent Change since 1950 1950 25.0 1960 29.8 + 19.2% + 59.2 1970 39.8 1980 86.3 +245.2 1990 133.8 +435.2 2000 174.0 +596.0 2010 219.2 +776.8 2017 246.5 +886.0

Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 29 years and anticipate they will need funding for an additional 20 years. They determined that they would have a retirement income of $62,000.00 in today's dollars but that they would actually need $86,142.00 in retirement income (in today's dollars) to meet all of their objectives. a. What is their annual shortfall at retirement assuming inflation of 3 percent per year? Click on the table icon to view the FVIF table: b. At the time that they retire, how much additional amount must they have accumulated to fund their retirement needs, assuming 3 percent inflation and a rate of return of 9 percent? Click on the table icon to view the PVIFA table: c. Calculate the additional amount that Peter and Blair must save each year for the next 29 years if they wish to completely fund their income shortfall. Click on the table icon to view the FVIFA table:

Tammy had the following aggregate results from her 2019 investing activity: STCG             $300,000 LTCG             $450,000 STCL              $260,000*** LTCL              $390,000*** *** These are negative numbers, obviously. After the “netting procedure” described in the textbook, what is / are Tammy’s net 2019 result(s)?

Your mom just checked on findmassmoney.gov and found out that she has unclaimed property that is worth $3015.54 today.  She figured out that she had invested $866 years ago and she calculated that she earned a return of 28.08% on her money.  How many years ago did your mom invest that money? Include up to 2 decimal places.