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Financial Planning Exercise 1 Amount to invest to meet objectives Use Worksheet 11.1. Ashley Olron is earfy in her career and is now employed as the manoging editor of a wefl-known business journal. Athough she thorbughly enjoys her job and the people she works with, she would really like to be a literary agent, She would like to go on her own in about 6 years and figures she'll need about \$50,000 in capital to do so. Given that she thinks she can make about 12 percent on her money, use Worksheet 11,1 to answer the follewing questions. a. How much would Ashiey have to invest today, in one lump sum, to end up with 150,000 in 6 years? Round the answer to the nearest cent. 3 b. If sho's starting from scratch, how much would she have to put away annually to accumulate the necded capital in 6 years? Round the answer to the nearest cent. 5 c. Mow aboit if she already has $15,000 socked away; how much would she have to put away annually to accumulate the required capital in 6 years? Rhound the answer to the nearest cent. 5 d. Given that Ashlev has an idea of how much she needs to save, briefy explain how she could use an investment plan to help reach her objective. The input in the box below wall not be graded, but may be reviewed and considered by your instructor

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