You are starting to plan for your retirement, and want to analyze some different plans/ideas, shown below.Show all work and/or calculator inputs for full credit!(Note:part a) and b) are separate questions/scenarios)

1. You'd like to have $1.9 million when you retire.If you make one deposit, exactly 38 years before you retire, and your return will be 8%, how much will you need to deposit?

1. Now assume you want $2.5 million when you retire, and currently have $133,000 saved in your account.If you want to retire in 36 years, what return will you need to reach your target?

Answer rating: 100% (QA)

Lets tackle each scenario separately a To calculate the deposit needed for retirement We can use th... View the full answer