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EFISHER

Open Posted By: highheaven1 Date: 15/02/2021 High School Case Study Writing

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Category: Accounting & Finance Subjects: Behavioral Finance Deadline: 12 Hours Budget: $100 - $150 Pages: 2-3 Pages (Short Assignment)

Attachment 1

Sheet1

Question Working Answers
value of CD FV(7.25%,10,,-5000) $10,068.00
Value of reinvested CD FV(6.75%,45-22,,-C2) $45,227.68
Value of Annuities due, FV(6.75%,45-22,-1000,,1) $55,228.86
Value of investment account now C4+C5 $100,456.55
Value of IRA now FV(7%,45-22,-4000,,1) $228,706.68
Amount accumulated at early retirement C6+C8 $329,163.23
PV at age 45 C10 $329,163.23
PV at age 55 FV(8%,55-45,,-C10) $710,638.72
FV of anuity due at age 55 FV(8%,55-45,-1000,,1) $15,645.49
Total value of investment at age 55 C13+C14 $726,284.21
Amount to withdraw each January 1 upon early retirement PMT(8%,65-55,-C15,,1) $100,220.15

Sheet2

Sheet3