4-3424-SO7566

4-3424-SO7566 - msoufas@vt.edu Retirement Planning System...

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Employee Name Enter Name Here Current Age 22 Retirement Age 65 Current Salary $20,000 Salary Growth Rate 3.00% Contribution Rate 8.0% Company Match Rate 50.0% Investment Return 10.0% Ending Balance $2,038,731 oufas@vt.edu Retirement Planning System
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Balances Page 2 Beginning Employee Employer Investment Ending Age Salary Balance Contrib. Contrib. Earnings Balance 22 $20,000 $0 $1,600 $600 $80 $2,280 23 $20,600 $2,280 $1,648 $618 $310 $4,856 24 $21,218 $4,856 $1,697 $637 $571 $7,761 25 $21,855 $7,761 $1,748 $656 $864 $11,028 26 $22,510 $11,028 $1,801 $675 $1,193 $14,697 27 $23,185 $14,697 $1,855 $696 $1,562 $18,810 28 $23,881 $18,810 $1,910 $716 $1,977 $23,414 29 $24,597 $23,414 $1,968 $738 $2,440 $28,559 30 $25,335 $28,559 $2,027 $760 $2,957 $34,303 31 $26,095 $34,303 $2,088 $783 $3,535 $40,709 32 $26,878 $40,709 $2,150 $806 $4,178 $47,844 33 $27,685 $47,844 $2,215 $831 $4,895 $55,784 34 $28,515 $55,784 $2,281 $855 $5,692 $64,613 35 $29,371 $64,613 $2,350 $881 $6,579 $74,423 36 $30,252
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This note was uploaded on 08/30/2011 for the course ART 3514 taught by Professor Dhbannan during the Summer '03 term at Virginia Tech.

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4-3424-SO7566 - msoufas@vt.edu Retirement Planning System...

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