If I start with $30,000 in my 401K and am able to save into my 401K: $5,000 next year (2025) $10,000 a year for the next 5 years (2026-2031) $15,000 a year for the 5 years after that (2031 - 2036) $20,000 a year for the following 5 years (2036 -2041) $ 10,000 for the last 4 years (2041 - 2045) If my 401K can earn me an average 6% interest, what would my yearly totals be and the total amount saved at the end of 20 years? Please show all of your work including any Excel formulas. Thanks for your help!!!

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Al Ferris has $70,000 that he wishes to invest now in order to use the accumulation for purchasing a retirement annuity in five years. After consulting with his financial advisor, he has been offered four types of fixed-income investments, which we will label as investments A, B, C, and D. Investments A and B are available at the beginning of each of the next five years (call them years 1 to 5). Each dollar invested in A at the beginning of a year returns $1.40 (a profit of $0.40) two years later (in time for immediate reinvestment). Each dollar invested in B at the beginning of a year returns $1.70 three years later. Investments C and D will each be available at one time in the future. Each dollar invested in C at the beginning of year 2 returns $1.90 at the end of year 5. Each dollar invested in D at the beginning of year 5 returns $1.30 at the end of year 5. Click here for the Excel Data File Formulate and solve a linear programming model for this problem on a spreadsheet. a. Which…

? You would like to have enough money saved to receive a $53,000 per year perpetuity after retirement. How much would you need to have saved in your retirement fund to achieve this goal? Assume that the perpetuity payments start on the day of your retirement. The annual interest rate is 8 percent. O -00 Multiple Choice $715,500 $1,060,000 $530,000