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Your client is 28 years old. She wants to begin saving for retirement, with the first...

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Finance

Your client is 28 years old. She wants to begin saving forretirement, with the first payment to come one year from now. Shecan save $14,000 per year, and you advise her to invest it in thestock market, which you expect to provide an average return of 8%in the future.

  1. If she follows your advice, how much money will she have at 65?Do not round intermediate calculations. Round your answer to thenearest cent.

    $  

  2. How much will she have at 70? Do not round intermediatecalculations. Round your answer to the nearest cent.

    $  

  3. She expects to live for 20 years if she retires at 65 and for 15years if she retires at 70. If her investments continue to earn thesame rate, how much will she be able to withdraw at the end of eachyear after retirement at each retirement age? Do not roundintermediate calculations. Round your answers to the nearestcent.

    Annual withdrawals if she retires at 65: $

    Annual withdrawals if she retires at 70: $

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