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What is the amount needed at the time of c

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A. Retirement Date - 1/1/50

B. Expected Death - 1/1/85

C. Middle of Retirement - Sunday, July 3rd, 2067

D. Money needed to spend per month $3000

E. Months you will save for retirement = 362

MONTHS UP UNTIL C (TERM) = 150 MONTHS

Problem 1: Using an average inflation rate of 4% per year, what is the amount needed at the time of "C" in order to buy the same amount as in part "D"?

Problem 2: Whats the Present value of your retirement income using a 7% growth rate increase? (Include $1,250 per month in Social Security).

Problem 3: Using G, F and 7%. how much must you save per month in order to meet your retirement goal?

Reference no: EM132709665

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