Mathematics, 04.04.2021 01:00 nina1390

2. Now let us flip this around. Determine how much money you want to have in retirement. Assume an 8% rate of return and a monthly compounding period. Pick a retirement age to determine how long you will be saving. a. How much money do you need to save monthly to have the amount you would like to have in retirement?
b. Make just one change (increase or decrease the total or monthly amount, increase or decrease the age at which you will retire, etc.) and write down how much money you will now have to save monthly.

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