video me value o Suppose that Eileen 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 $20,000 per year and will invest that amount in the stock market, where it is expected to yield an average annual return of 5.00% return. Assume that this rate will be constant for the rest of her's life. In short, this scenario fits all the criteria of an ordinary annuty. Eleen would like to calculate how much money she will have at age 65 Use the following table to indicate which values you should enter on your financial Calculator. For example, if you are using the value of 1 for use the selection list above in the table to select trat value. 0 Input Keystroke Output N 1/Y PV FV PMY at age 65. Using a financial calculator yields a future value of this ordinary annuity to be approximately Eileen would now like to calculate how much money she will have at age 70. Use the following table to indicate which values you should enter on your financial calculator. For example, if you are using the value or for use the selection ist above in the table to select that value 0 N Inout Keystroke Output 1/Y PV PMT FV at e 70 Using a financial calculator yields a future value of this ordinary annuity to be approximately Elleen expects to live for another 25 years if she retires at age 6s, with the same expected percent return on investments in the stock market. She would like to calculate how much she can withdraw at the end of each year after retirement. "ools Use the following table to indicate which values you should enter on your financial calculator in order to solve for PMT in this scenario. For example, you are using the value of 1 for N, use the selection list above N in the table to select that wwwe. Amount saved for retirement by age 65 Keystroke PV PNT Output Input 0 N T/Y FV 2 Using a financial calculator, you can calculate that Elleen can withdraw at the end of each year after retirement (assuming retirement at age 65), assuming a fixed withdrawal each year and remaining at the end of her life. tol Eileen 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, Use the following table to indicate which values you should enter on your financial calculator. For example, if you are using the value of 1 for N, use the selection ist above in the table to select that value Inout Amount saved for retirement by ope yo Keystroke 1/Y PV PMT FV Output 0 Using a francia calculator, you can calculate that can withdraw at the end of each year after retirement at age 70