Question: Assignment #2 Part I - Retirement Planning: Although you are young, you are already thinking about retirement. You have decided you want to retire 30

Assignment #2

Part I - Retirement Planning:

Although you are young, you are already thinking about retirement. You have decided you want to retire 30 years from now. You want to live on a retirement of $72,000 per year. You figure you will live about 40 years on that retirement (you work-out on a regular basis, and live a healthy lifestyle). While on retirement, you think you can earn 6% on investments. We will work through this problem a step at a time.

How much will you have to have in

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