Answer the question with the following information and INCLUDE EXCEL FILE:

Average starting salary: $102,100

Annual retirement: $5,000

Start work age: 23

Retire age: 60

Investment vehicle : Index Funds (not sure exactly whats required so you can add additional information like rates if needed)

INCLUDE EXCEL FILE

You are considering a retirement savings. For this you will need to determine following information. Average starting salary of you major. Your annual retirement savings amount. Your age when you start working. Your age when you plan to retire. Retirement account investment vehicle. This will determine the growth rate. Create an excel table with your age column, annual contribution, annual account balance. Re-do the calculation with monthly contribution and find your account balance at your retirement. Submit excel table with all your information