Question: Solve using excel formulas A B C D E F G H Retirement Worksheet Annual Retirement Income Need 125,000 Years until Retirement 40 This is

Solve using excel formulas

A B C D E F G H Retirement Worksheet Annual Retirement Income Need 125,000 Years until Retirement 40 This is a multi-step problem 4 Years in Retirement 35 5 Rate of Return before Retirement 10.00% 6 Rate of Return during Retirement 6.00% 1, you must calculate the amount of money you require Savings Required at Retirement the day you retire to fund your anticipated Investment Required Today retirement needs of of $125,000 per year for 9 Annual Investment Required 35 years while earning 6% in retirement. 10 Monthly investment Required 11 12 13 2. How much would you need to invest today as a single sum to fund your retirement. 14 15 16 3. Once you have calculated the funds requred the day 17 you retire the next step is to calcuate annual payment 18 required to reach your goal 19 20 To calculate the monthly payment we must adjust 21 20 both the interest rate and the number of 22 21 compounding periods. adjustments yearly rate /12 23 22 and number of years * times per year 24 23 25 24 26

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