ryear for retirement They are now in their mid-thirties, and they expect to have SA Click the icon to view the interest and annuitpounding when i= 7% per yearon to view the Interestmpounding when i= 2% per year.savings is sthousand (Round to two decimal placeO More InfoO More infoUniform Series

Discounting is a way to find the PV of series of future payment by considering the appropriate rate…

he Smiths save $23,000 per year for retirement. They are now in their mid-thirties, and they expect to have $1 million in today's dollars saved by the time they're in their mid-sixties. f their market interest rate is 7% per year, inflation averages 2% a year, and they save for 30 years, is their financial plan possible? Click the icon to view the interest and annuity table for discrete compounding when i 7% per year Click the icon to view the interest and annuity table for discrete compounding when i=2% per year The purchasing power in today's dollars of the Smiths' savings is S thousand. (Round to two decimal places.) They be able to meet their savings expectation will not O More Info will O More info Discrete Compounding: -7% Single Payment Compound Amount Factor To Find F Given P Uniform Series Discrete Compounding: -2% Capital Recovery Factor To Find A Given P Compound Amount Factor Worth Factor To Find F Given A FIA Single Payment Compound Amount Factor Worth Factor To Find F Given P F/P 1.1041 12190 13459 Uniform Series Present Worth Factor To Find P Given F Sinking Fund Factor To Find A Given F Compound Amount Factor To Find F Given A FIA Present Capital Present Sinking Fund Recovery Factor To Find A Given P A/P 02122 0.1113 0. 0778 0 0612 Present To Find P Given A To Find P Given F Worth Factor To Find P Given A Factor To Find A F/P PIF PIA A/F A/P Given F 1.4026 1.9672 27590 3.8697 0.7130 5.7507 13.8164 25.1290 40 9955 63 2490 PIA A 4.1002 7.0236 0 1739 0.0724 0 0398 0 0244 0 0158 0 0106 0.0072 0.0050 0 0035 0.0025 0 0017 02439 0.1424 A/F 10 0.5083 0.3624 0.9057 5.2040 4.7135 0.1922 15 10 0 8203 0.7430 06730 8 9826 12 8493 16.3514 19 5235 22 3965 9.1079 0.1098 0.0944 10.9497 17.2934 0.0913 10 5940 116536 20 0 2584 0.1842 15 0.0578 0.0412 0.0312 25 5 4274 7.6123 0 0858 0 0806 0.0772 0.0750 0.0735 0.0725 00717 0.0712 20 14859 24 2974 32 0303 30 0.1314 124090 129477 1.6406 18114 1.9999 2. 2080 24379 26916 0 6095 0.5521 0.5000 0.4529 0.4102 03715 03365 94 4608 25 0.0512 35 10.6766 14.9745 21.0025 29.4570 0.0937 0.0668 0.0476 00339 0 0242 138 2369 199 6351 285 7493 406 5289 30 40 5681 0.0246 0 0200 00166 40 0.0446 13.3317 13.6055 13 8007 35 49 9945 60 4020 71 8927 24.9906 00400 45 40 27.3555 0.0366 50 45 29 4902 0.0139 0.0118 00101 0 0088 0 0076 0.0067 0.0059 0 0339 55 41 3150 575 9286 13 9399 50 84.5794 31 4236 33 1748 34.7609 36. 1975 37 4986 0.0318 60 5 57.9464 00173 0 0123 0 0088 0.0063 14.0392 14.1099 813 5204 0.0012 0 0009 0 0006 0 0004 55 29717 98.5865 114.0515 0.0301 65 81 2729 113 9894 1146 7552 1614 1342 2269 6574 0 3048 0.2761 0 2500 02265 0 0709 60 3 2810 0.0288 0.0276 0.0267 0.0259 70 14.1604 65 3.6225 39996 0.0706 131 1262 75 159 8760 14 1964 0.0704 70 149 9779 75 4.4158 170.7918 38 6771 Print Done Drine Enter your answer in the answer box