MAT 101 Excelsior College Module 3 Saving for Retirement Questions

Description

The problem you must solve is: 1. Consider the savings plan you developed in the discussion. How much did you
determine you need to save each month? You do not need to repeat those
calculations here, but just re-state your conclusion. 2. With the savings plan you developed in the discussion, the monthly payments might
be difficult to maintain or to pay at all. Suppose you decide to wait 4 more years until
you retire. What are your monthly payments with this plan?
3. Suppose you can find an account that earns interest at 4.3% interest instead. How
does that change your monthly payments? (You choose how long until you retire in
this question.) 4. State your conclusions and interpretations of these calculations.
Please see dicusiion atatched in relation to question above.

Tags:
Rate Of Interest

Savings plan

goal achievement

Monthly payments

monthly contribution

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