Ans-1

He is now 27 year. He graduate at 22 and started his career as a

middle-level manager    
His current annual salary $70,000
5-year ago his starting salary $54,846.83
increase per year 5%
voluntary contribution to retirement (maximum up to
$12,000) 11%
Saving one year later (11%) $6,033.15 7%
   

Ans-2

Employ Future
  Beg Year contribution Total contribution   Value FV at 12%
Years Salary End Year Employ plus company at 7% Interest
1 54846.8 6033.2 12066.3 4.0 15816.5 18986.56132
2 57589.2 6334.8 12669.6 3.0 15520.8 17799.90123
3 60468.6 6651.5 13303.1 2.0 15230.7 16687.40741
4 63492.1 6984.1 13968.3 1.0 14946.0 15644.44444
5 66666.7 7333.3 14666.7 0.0 14666.7 14666.66667
  Total saving 76180.7 83784.98107
 
      Potential rise at 12% 7604.3  
Ans-3
Retirement Balance at
  retirement    
  Age now   27  
  Age at retirement 65  
  Total years   38  
  Interest rate eraned 7%  

Employ
  Beg Year End Yer contribution     Future Value
Years Salary Salary End Year at 7% Interest
28 1 70000.0 73500.0 8085.0 16170.0 37.0 $213,926.56
29 2 73500.0 77175.0 8489.3 16978.5 36.0 $209,479.59
30 3 77175.0 81033.8 8913.7 17827.4 35.0 $205,125.06
31 4 81033.8 85085.4 9359.4 18718.8 34.0 $200,861.05
32 5 85085.4 89339.7 9827.4 19654.7 33.0 $196,685.68
33 6 89339.7 93806.7 10318.7 20637.5 32.0 $192,597.10
34 7 93806.7 98497.0 10834.7 21669.3 31.0 $188,593.52
35 8 98497.0 103421.9 11376.4 22752.8 30.0 $184,673.16
36 9 103421.9 108593.0 11945.2 23890.5 29.0 $180,834.29
37 10 108593.0 114022.6 12000.0 24000.0 28.0 $169,416.35
38 11 114022.6 119723.8 12000.0 24000.0 27.0 $157,994.89
39 12 119723.8 125709.9 12000.0 24000.0 26.0 $147,343.42
40 13 125709.9 131995.4 12000.0 24000.0 25.0 $137,410.04
41 14 131995.4 138595.2 12000.0 24000.0 24.0 $128,146.33
42 15 138595.2 145525.0 12000.0 24000.0 23.0 $119,507.15
43 16 145525.0 152801.2 12000.0 24000.0 22.0 $111,450.39
44 17 152801.2 160441.3 12000.0 24000.0 21.0 $103,936.79
45 18 160441.3 168463.3 12000.0 24000.0 20.0 $96,929.73
46 19 168463.3 176886.5 12000.0 24000.0 19.0 $90,395.07
47 20 176886.5 185730.8 12000.0 24000.0 18.0 $84,300.94
48 21 185730.8 195017.4 12000.0 24000.0 17.0 $78,617.67
49 22 195017.4 204768.3 12000.0 24000.0 16.0 $73,317.54
50 23 204768.3 215006.7 12000.0 24000.0 15.0 $68,374.72
51 24 215006.7 225757.0 12000.0 24000.0 14.0 $63,765.13
52 25 225757.0 237044.8 12000.0 24000.0 13.0 $59,466.31
53 26 237044.8 248897.1 12000.0 24000.0 12.0 $55,457.30
54 27 248897.1 261341.9 12000.0 24000.0 11.0 $51,718.56
55 28 261341.9 274409.0 12000.0 24000.0 10.0 $48,231.87
56 29 274409.0 288129.5 12000.0 24000.0 9.0 $44,980.25
57 30 288129.5 302536.0 12000.0 24000.0 8.0 $41,947.83
58 31 302536.0 317662.8 12000.0 24000.0 7.0 $39,119.86
59 32 317662.8 333545.9 12000.0 24000.0 6.0 $36,482.53
60 33 333545.9 350223.2 12000.0 24000.0 5.0 $34,023.01
61 34 350223.2 367734.4 12000.0 24000.0 4.0 $31,729.29
62 35 367734.4 386121.1 12000.0 24000.0 3.0 $29,590.21
63 36 386121.1 405427.1 12000.0 24000.0 2.0 $27,595.34
64 37 405427.1 425698.5 12000.0 24000.0 1.0 $25,734.96
65 38 425698.5 446983.4 12000.0 24000.0 0.0 $24,000.00
Total $3,953,759.48
Ans-4      
Wedding expenses in 12
  months 15,000  
  rate 7%  
  annual inflation rate 4%  
  inflation adjusted amount 15600  
  Monthly saving needed ($1,258.82)  
   
       

Ans-5      
  Cost of house 250,000  
  Years till purchase 5  
  expected inflation rate 4%  
  Inflation adjusted price 304163.23  
  Down-payment 20%  
  Total downpayment 60832.645  
  Interest rate 7%  
  Saving or PMT ($844.77)  
       

Ans-6      
  Saving 1000000  

  inflation rate 4%  
Inflation adjusted
  amount 4438813.5  
  Months till retirement 456  
  Years till retirement 38  
  Investment yield 7%  
  Required saving $1,963.65  
       

Ans 7              
  Ryan wants to have 1000000 (in today's terms) when he retires at age 65.    
  How much can he withdraw each month (beginning one month after he retires) in equal dollar terms if antic
               
Accumulated amount at age
  65   1,000,000        
Accumulated amount at age
  85   0        
  Interest rate   7%        
  Withdrawal   ($7,752.99)        
               
 He is now is at age
Ans-8 27        
  Monthly saving for initial five years (until at age 32) 300
  Monthly saving for 33 years until retirement at age 65 500
  Interest rate 7%
  Account balance 60 months later $21,477.87
  Value of 21,477.87 at 7% 33 years later $214,929.85
Account balance of 500 saving every month for 396
  months $772,031.78
  Account balance (60+396)=456 months later $986,961.63
Withdrawal until age
  85       $7,651.90