Question: Using the budget in part 1; Use as many time lines as you need forecast all your projected savings (investments) to get each investments future
Using the budget in part 1; Use as many time lines as you need forecast all your projected savings (investments) to get each investments future value. You will have to determine your PV, I/y, N, PMT then calc FV
If you dont have any idea on the I/y you could use 5 or 6% to be conservative. N depends on your current age and when you think you will retire.
Savings- I place 100 dollars in a savings account every two weeks that has 0.11% APY
401k or (403B) whichever you use- 401k Match 6% =126.17 with employer match
2238.72 Savings yearly
Age 32
retire 67
alive to 90
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