Assume you are investing in your retirement account with the same conditions stated in Question 3.Use the
Question:
Assume you are investing in your retirement account with the same conditions stated in Question 3.Use the Guess-and-Check method with your FV function from Question 3 to determine how long it would take for the high school graduate's retirement account to have just over $1.5 million.Use the Guess-and-Check method with your FV function from Question 3 to determine how long it would take for your retirement account to have just over $1.5 million.What is the absolute change or percent change between the years to save one million dollars? Be sure to explain the change value.For your spreadsheet: Fill in the formulas for the section titled "Question 4 - How Long to $1.5 Million". You should be using cell references and/or formulas in EVERY cell in this section. Do not just type in the numbers. (Hint: The FV function is used to find the future value of an account given a constant monthly deposit.)
Fundamentals of Thermal-Fluid Sciences
ISBN: 978-0078027680
5th edition
Authors: Yunus A. Cengel, Robert H. Turner, John M. Cimbala