1. Beverly Foster is planning for her retirement. She has determined that her car is worth…

1. Beverly Foster is planning for her retirement. She has determined that her car is worth $10,000, her home is worth $150,000, her personal belongings are worth $100,000, and her stocks and bonds are worth $300,000. She owes $50,000 on her home and $5,000 on her car. Calculate her net worth.

2. Calculate how much money an average older (65 + ) household with an annual income of $32,800 spends on food each year.

 3. You have $100,000 in your retirement fund that is earning 5.5 percent per year, compounding quarterly. How many dollars in withdrawals per month would keep your nest egg intact forever?