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For this assignment, you’ll be using the data you’ve already collected (or you can make up salaries if you have not collected data). You are going to see how much you have to save in order to retire at a certain age and with a certain salary. You’ll also calculate (using simple interest) how much you would need to save each year to meet that goal. The plan? To verify how realistic your retirement goals are and what, if any, changes need to be made. Disclaimer: this is a SIMPLE calculator, using NO interest rate, accounting for NO Social Security or other benefits, and NO inflation raises over time.
Date Posted: 25/02/2021
Category: Mathematics
Due Date: 25/02/2021
Instruction
Table 1 uses the same SALARY and WORKING YEARS and varies the YEARS RETIRED. Review the attached Assignment 04: Retirement Rows Example for specific instructions on how to complete this assignment. Then use the attached Assignment 04: Retirement Rows Template to complete the assignment.
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