Now it's time for you to practice what you've learned. Suppose that Amy is 35 years old and has no retirement savings. S

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Now It S Time For You To Practice What You Ve Learned Suppose That Amy Is 35 Years Old And Has No Retirement Savings S 1 (46.04 KiB) Viewed 11 times

Now it's time for you to practice what you've learned. Suppose that Amy is 35 years old and has no retirement savings. She wants to begin saving for retirement, with the first payment coming one year from now. She can save $12,000 per year and will invest that amount in the stock market, where it is expected to yield an average annual return of 8.00% return. Assume that this rate will be constant for the rest of her's life. Amy would like to calculate how much money she will have at age 65. Using a financial calculator yields a future value of this ordinary annuity to be approximately Amy would now like to calculate how much money she will have at age 70. at age 65. at age 70. Using a financial calculator yields a future value of this ordinary annuity to be approximately Amy expects to live for another 25 years if she retires at age 65, with the same expected percent return on investments in the stock market. Using a financial calculator, you can calculate that Amy can withdraw at the end of each year after retirement (assuming retirement at age 65), assuming a fixed withdrawal each year and $0 remaining at the end of her life. Amy expects to live for another 20 years if she retires at age 70, with the same expected percent return on investments in the stock market. Using a financial calculator, you can calculate that Amy can withdraw assuming a fixed withdrawal each year and $0 remaining at the end of her life. at the end of each year after retirement at age 70,