You are trying to decide how much to save for retirement. Assume you plan to save $4,000 per year with the first investment made one year from now. You think you can earn 7.0​% per year on your investments and you plan to retire in   29 ​years, immediately after making your last $4,000 investment. a. How much will you have in your retirement account on the day you​ retire? b.​ If, instead of investing $4,000 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? c. If you hope to live for 28 years in​ retirement, how much can you withdraw every year in retirement​ (starting one year after​ retirement) so that you will just exhaust your savings with the 28th withdrawal​ (assume your savings will continue to earn 7.0​% in​ retirement)?

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A: Present value is the value of future cashflow at todays date discounted at specified rate. formula:…

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A: According to the rule, Because you have posted multiple questions,we will answer the first question…

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A: The following formula will be used:

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Q: You would like to have $500,000 when you retire in 30 years. How much should you invest each quarter…

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A:

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A: ACCORDING TO THE RULE, WE WILL ANSWER THE FIRST THREE SUBPARTSQUESTION ONLY, FOR THE REMAINING…

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A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

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