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Question 1: Jane Roe's plan is to accumulate $250,000 in her personal savings account by the time she retires at 60. The longer she stalls on getting started, the tougher it will be to meet her objective. Jane is now 25 years old. Develop a spreadsheet to complete the following table to show how much Jane will have to save each year (assuming she waits N years to start saving) to have $250,000 in her account when she is 60. Comment on the pattern you observe in the table.
Interest Rate Per Year
4% 8% 12%
N= 5
N=10
N=15
N=20
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