Interest Rate 10.587% This interest rate will be 5% higher than the rate shown on the last sheet. 2 3. You have 45 years until retirement. Your goal is to reach $5 million by the time you retire. 4 How much do you need to put aside each year to reach your goal, assuming the interest rate above? 5 (Hint: Treat this as an ordinary annuity problem.) 6 7 PMTE 6 points 8 You can use Excel functions or simply type in what you find with your calculator 9 I recommend using Excel, but check your work with the calculator 10 Note: there are four tabs to completel