Question: PLEASE ANSWER USING EXCEL Jason wants to know how much money he needs to have in his retirement account on the day he retires. Jason

PLEASE ANSWER USING EXCEL

Jason wants to know how much money he needs to have in his retirement account on the day he retires. Jason makes the following ASSUMPTIONS:

--He will withdraw the SAME amount from his retirement account each year he is retired. He will NEVER adjust the withdrawals for inflation.

--Jason wants to withdraw the equivalent of $75,000 (in terms of today's dollars) per year while he is retired.

--Inflation is expected to be 2.5% per year between now and when Jason retires.

--Jason will retire in 30 years.

--Jason will be retired for 25 years.

--Jason expects his money to earn 6% annualy DURING his retirement.

--Jason expects his retirement account value to drop to zero ($0.00) at the end of his retirement.

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