Using the information below, answer the following questions: Annual Retirement Income Need 150,000 Years until 30...

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Using the information below, answer the following questions: Annual Retirement Income Need 150,000 Years until 30 Retirement Years in 35 Retirement Rate of Return before Retirement 8.00% Rate of Return during Retirement 5.00% 1. How much money will you need to have accumulated at the time of retirement to be able to meet your income needs during retirement? 2. If you were to make a single lump sum investment today, how much would you need to invest today to meet your goal at the time of retirement? 3. If you were to invest an equal dollar amount each year, how much would you need to invest annually to meet your goal at the time of retirement? Use the short way (i.e., PV and PMT functions) to solve the problem. 4. Use the long way (i.e., set up cash flow table and use solver/goal seek) to solve the above problem (Q3). 5. In a new tab, set up a TWO WAY Data Table to illustrate the impact on the required annual investment if both the rate of return before and after retirement change. Using the information below, answer the following questions: Annual Retirement Income Need 150,000 Years until 30 Retirement Years in 35 Retirement Rate of Return before Retirement 8.00% Rate of Return during Retirement 5.00% 1. How much money will you need to have accumulated at the time of retirement to be able to meet your income needs during retirement? 2. If you were to make a single lump sum investment today, how much would you need to invest today to meet your goal at the time of retirement? 3. If you were to invest an equal dollar amount each year, how much would you need to invest annually to meet your goal at the time of retirement? Use the short way (i.e., PV and PMT functions) to solve the problem. 4. Use the long way (i.e., set up cash flow table and use solver/goal seek) to solve the above problem (Q3). 5. In a new tab, set up a TWO WAY Data Table to illustrate the impact on the required annual investment if both the rate of return before and after retirement change.