Question: 3) Recommendation: Your client has asked you to examine what minimum rate of interest they should try to earn to have at least $1501 of

3) Recommendation: Your client has asked you to examine what minimum rate of interest they should try to earn to have at least $1501 of monthly income (adjusted for inflation) at the time of retirement. Use results from a relevant What-If analysis to find the rate of return needed. You do not need to do any additional calculations besides those you have already done in your What If table. ALSO, after you do some basic research online, give your client a specific, real-life recommendation on how to potentially get that new rate of return. 3) Recommendation: Your client has asked you to examine what minimum rate of interest they should try to earn to have at least $1501

\begin{tabular}{|c|r|r|c|c|c|} \hline & \multicolumn{1}{|c|}{A} & \multicolumn{1}{c|}{B} & C & D & E \\ \hline 1 & Rate & \multicolumn{1}{|c|}{ Balance } & \multicolumn{1}{c|}{ Monthly } & Adjusted Monthly \\ \hline 2 & 4 & 684536.62 & 3337.18 & 1343.86 \\ \hline 3 & 4.2 & 723284.9 & 3526.08 & 1419.93 \\ \hline 4 & 4.4 & 764605.29 & 3727.53 & 1501.05 \\ \hline 5 & 4.6 & 808680.11 & 3942.39 & 1587.58 \\ \hline 6 & 4.8 & 855705.06 & 4171.65 & 1679.86 \\ \hline 7 & 5 & 905890.2 & 4416.3 & 1778.42 \\ \hline 8 & 5.2 & 959461.09 & 4677.47 & 1883.59 \\ \hline 9 & 5.4 & 1016659.9 & 4956.32 & 1995.88 \\ \hline 10 & 5.6 & 1077746.8 & 5254.12 & 2115.8 \\ \hline 11 & 5.8 & 1143001 & 5572.24 & 2243.9 \\ \hline 12 & 6 & 1212722.5 & 5912.14 & 2380.78 \\ \hline 13 & & & & \\ \hline \end{tabular} Retirment Balance Versus Annual Rate of Return \begin{tabular}{|c|r|r|c|c|c|} \hline & \multicolumn{1}{|c|}{A} & \multicolumn{1}{c|}{B} & C & D & E \\ \hline 1 & Rate & \multicolumn{1}{|c|}{ Balance } & \multicolumn{1}{c|}{ Monthly } & Adjusted Monthly \\ \hline 2 & 4 & 684536.62 & 3337.18 & 1343.86 \\ \hline 3 & 4.2 & 723284.9 & 3526.08 & 1419.93 \\ \hline 4 & 4.4 & 764605.29 & 3727.53 & 1501.05 \\ \hline 5 & 4.6 & 808680.11 & 3942.39 & 1587.58 \\ \hline 6 & 4.8 & 855705.06 & 4171.65 & 1679.86 \\ \hline 7 & 5 & 905890.2 & 4416.3 & 1778.42 \\ \hline 8 & 5.2 & 959461.09 & 4677.47 & 1883.59 \\ \hline 9 & 5.4 & 1016659.9 & 4956.32 & 1995.88 \\ \hline 10 & 5.6 & 1077746.8 & 5254.12 & 2115.8 \\ \hline 11 & 5.8 & 1143001 & 5572.24 & 2243.9 \\ \hline 12 & 6 & 1212722.5 & 5912.14 & 2380.78 \\ \hline 13 & & & & \\ \hline \end{tabular} Retirment Balance Versus Annual Rate of Return

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