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Check My Work (3 remaining) eBook Problem 7-02 A self-employed person deposits $2,000 annually in a retirement account (called a Keogh or H.R. 10 plan) that earns 7 percent. Use Appendix A and Appendix to answer the questions. Round your answers to the nearest dollar a. How much will be in the account when the individual retires at the age of 65 if the savings program starts when the person is age 457 b. How much additional money will be in the account if the saver defers retirement until age 70 and continues the contributions? c. How much additional money will be in the account if the saver discontinues the contributions at age 65 but does not retire until age 707 Check My Work (3 remaining) Interest Factors for the Future Value of One Dollar Time Period year 1 2 3 4 5 1% 2% 1.010 1.020 1.020 1.040 1.030 1061 1041 1082 1.051 1.104 3% 4% 5% 1.030 1.040 1.050 1.061 1.082 1.102 1.093 1.125 1.158 1.126 1.120 1216 1.159 1.217 1.276 6% 7% 1.060 1.070 1.124 1.145 1.191 1.225 1.262 1311 1.338 1.403 8% 1.080 1.166 1.260 1.360 1.469 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1689 1925 15% 1.150 1.322 1.521 1.749 16% 1.160 1.346 1.561 1.811 18% 1.180 1.392 1.643 1.939 2.288 20% 1.200 1.440 1.728 2074 2.488 6 7 8 9 10 1.062 1072 1083 1094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.265 1.340 1.419 1.501 1230 1.316 1.407 1504 1.606 1.267 1369 1477 1.5941.718 1.305 1.423 1.551 1689 1838 1.344 1.480 1.629 1.791 1.967 1.587 1.714 1.851 1.999 2.159 1.677 1.828 1993 2.172 2.367 1.772 1.949 2.144 2.358 2.594 1974 2 211 2.476 2.773 3.106 2.195 2502 2.853 3.252 3.707 2.313 2 660 3.059 3.518 4.046 2.436 2826 3.278 3.803 4.411 2.700 3.186 3.759 4.436 5.234 2.986 3.583 4.300 5.160 6.192 11 12 13 14 15 1.116 1.127 1.138 1.149 1.161 1.243 1.384 1.268 1.426 1.294 1.469 1.319 1.513 1.346 1.558 1.539 1710 1.601 1.796 1665 1.886 1732 1.980 1.801 2.079 1.898 2.105 2012 2.252 2.133 2.410 2.261 2.579 2.397 2.759 2.332 2518 2.220 2.937 3.172 2.580 2.813 2066 3.342 3.642 2.853 3.138 2452 3.797 4.177 3.4794.226 3.896 4.818 4.262 5492 4.887 6.261 5.474 7.138 4.652 5.350 6.15 7076 8.137 5.117 5.936 6 886 7988 9.266 6.176 7.287 8.500 10.147 11.973 7430 8.916 10.699 12.839 15.407 16 17 18 19 20 1173 1373 1605 1.873 2.183 2.540 2952 3.426 3.970 4.595 6.130 8.137 1184 1.400 1.653 1948 2.292 2.693 3.1593.700 4.328 5.054 6866 9.276 1196 1.428 1.702 2.026 2407 2.854 3.380 3.996 4.717 5.560 7.690 10.575 1.208 1457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.056 1220 1.486 1.806 2.1912.653 3.207 3.870 4661 5.604 6.728 9646 13.743 1282 16412094 2.666 3.386 4.292 5.427 6.848 8.623 1083517000 26.462 1.348 1.811 2.427 3243 4322 5.743 7612 10.063 13.268 17.449 29960 50.950 9358 10.748 10.761 12.468 2.375 14.463 14.232 16.777 16.367 19.461 14.129 16.672 19.673 23.214 27393 18.488 22.186 26.623 31.948 38.337 25 30 32.919 40874 66.212 85.850 62.688 95.396 143370 237370 Interest Factors for the Future Value of an Annuity of One Dollar Time Period Year 142 1.000 1.000 2010 2020 1.000 2020 3.091 4.184 5.309 1.000 2.040 3.122 4.246 5.416 5% 1.000 2.050 3.152 4 310 5.526 6% 1.000 2.060 3.184 4.375 5.637 1.000 2.070 3.215 4.440 5.751 1.000 2.080 3.246 4.506 5 867 1.000 2.090 3.278 4572 5985 ovos iawn 1.000 2.100 3.310 4.641 6.105 1.000 2.120 3.374 4.770 14% 1.000 2.140 3.440 4.921 6.610 16% 1.000 2.160 3.506 5.067 6.877 20% 1.000 2.200 3.640 5.368 7.442 4.060 5.101 4.122 5.204 6.152 6.308 8 9 10 8286 9.369 10.462 8583 9.755 10.950 6.468 7562 8 892 10.159 11.464 6.633 7898 9.214 10.583 12.006 6.802 B 142 9549 11.027 12.578 6.975 8 394 9.897 11.491 13.181 7.153 8.654 10.260 11978 13.816 7.336 8923 10.637 12.488 14.487 7.523 9200 11.028 13.021 15.193 7.716 9.487 11.436 13.579 15.937 8.115 8.536 10.089 10.730 12.300 13.233 14.776 16.085 17.54919.337 8.978 11.413 14.240 17.518 21.321 9.930 12 915 16.499 20.798 25.958 11 11.567 12.683 13 809 14 947 16.097 12.169 13.412 14.680 15.974 17.293 8 08 13.486 14.192 15.026 15.618 16.627 17.086 18.292 18.59920.024 14.207 15.917 17.713 19.599 21.579 14 972 16.870 18.882 21.051 23.276 15.784 17.888 20.141 22.550 25.129 14 16.645 18.977 21.495 24 215 27.152 17.560 20.141 22.953 26.019 29.361 18.531 21.384 24.523 27975 31.772 20.655 24.138 28.029 32.393 37.280 23.044 27.271 32.089 37.581 43.842 25.732 32.150 30.850 39.580 36.786 48.496 43.672 59.195 51.65972.035 16 17 17.258 18.430 19.615 20 811 22019 18.639 20.012 21.412 22.841 24 297 20.157 21.762 23.414 25.117 26 870 21.825 23 698 25.645 27.671 29.778 23.657 25.673 27.888 25.840 28 213 30 840 28 13230.906 33.999 30.539 33.76037 379 33066 36.786 40 995 30.324 33.750 37.450 41.446 45.762 33.003 36.974 41.301 46 018 51.160 35.950 40.545 45.599 51.159 57.275 42.753 50.980 48 884 59.118 55.750 68 934 63.440 78 969 72.05291025 20 60.925 87.442 71.673 105.93 84.140 128.11 98 603 154.74 115.370 186.58 28.243 3203036.459 41.64647727 54865 63.249 73.106 84.701 98.347 13333 181.87 30 249.210 34.785 471.98 40.568 47575 56.085 66.439 79.058 94.461 113.283 136.308 164.494 241.333356.878 530.3101181.8

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