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chap7_pe3_validity_solution - $1,159,517 Monthly pension...

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1 Ms. Plasterr Retirement Calculator Assumptions Your Name Annual contribution $3,000 Age when contributions start 20 Retirement Age (must be 59.5 or greater) 65 Rate of return (cannot exceed 8%) 8.0% Years in retirement 25 Rate of return during retirement (cannot exceed 7%) 8.0% Calculations Total amount contributed $135,000 Amount accumulated for retirement
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Unformatted text preview: $1,159,517 Monthly pension during retirement $8,949 Sect. 001 Note: After you enter the formulas, please enter values in the shaded area. These are the only cells that you are permitted to change. The worksheet will then calculate the amount you have saved and your monthly pension....
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