Financial analysts recommend investing 15% to 20% of your annual income in your retirement fund to reach a replacement rate of 70% of your income by age 65. This recommendation increases to almost 30% if you start investing at 45 years old. Mallori Rouse is 26 years old and has started investing $4,900 at the end of each year in her retirement account. How much will her account be worth in 20 years at 7% interest compounded annually? How much will it be worth in 30 years? What about at 40 years? How much will it be worth in 50 years? (Please use the following provided Table 13.1.)Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.

You are depositing $1,500 in a retirement account today and expect to earn an averagereturn of 7.5 percent on this money. How much additional income will you earn if youleave the money invested for 45 years instead of just 40 years?

Find the final amount (rounded to the nearest dollar) in this retirement account, in which the rate of return on the account and the regular contribution change over time.$700 per month invested at 6%, compounded monthly, for 25 years; then $3000 per month invested at 7%, compounded monthly, for 25 years.

Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your current salary is $45 000 and you expect your salary to increase at a rate of 5% per year as long as you work. To save for your retirement, you plan on making annual contributions to a superannuation fund. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65. Assume that the superannuation fund earns an annual rate of return of 7%.The future value (FV) at retirement (age 65) of your savings is closest to:

Suppose you want to have $400,000 for retirement in 25 years. Your account earns 7% interest. How much would you need to deposit in the account each month to reach your goal?Round your answer to the nearest cent as needed.

Jemima puts $30 000 into an investment that compounds monthly.a What annual interest rate would allow Jemima’s investment to double after 5 years ifshe invests an additional $400 each month for 5 years? Round your answer to onedecimal place.Assume the investment pays 3.2% per annum, compounding monthly.b i If she wants her investment to be worth at least $40 000 in 1 year, what is theminimum she will need to add to the investment each month? Round youranswer to the nearest cent.Note: You will need to round your answer up so that it reaches $40 000.ii If she invests an additional monthly payment of at least $1000, what is theminimum number of months that it will take for the investment to first reach$100 000?