If emily can earn 11 on her now until age 65 but she

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c. Suppose Emily puts all of the $75,000 that she inherited into the account earAs in part b, she will earn only an 8% return on her investments after age 65. If$50,000 as planned on each birthday from age 66 to age 90, how much will befor her heirs after her last withdrawal?
Part A Retirement income PMT = $50,000 Interest rate r = 11% Retiremenyears Calculate the Horizon value of investment at her 65th birthday Appl
value HV = $533,738.81 Interest rate r = 11% Investment period n = 20 ye
Part C Present Value = $75,000 Interest rate r = 11% Investment period n Calculate the Horizon value of the investment at her 65th birthday FVIF(r,(1+r)^n Horizon value = PV * FVIF(11%,20) = $75,000 * (1+11%)^20 = $60

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