Question: Set the current age at 25 years old. Set the expected retirement age at 60 years old. Set the Investment rate of return at 8%

  1. Set the current age at 25 years old.
  2. Set the expected retirement age at 60 years old.
  3. Set the Investment rate of return at 8%
  4. Set the minimum annual contribution at $600 [$50 per month]
  5. Set the maximum annual contribution at $1200 [$100 per month]
  6. Leave the current plan value at zero OR you can include your current savings amount.
  7. Make note of the differences between scenarios I and 2.

What is the value of scenario 1?

What is the value of scenario 2?

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