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2. Answer the following 2 questions using time value of money (your financial calculator or Excel including inputs). I can only put away $2,000
2. Answer the following 2 questions using time value of money (your financial calculator or Excel including inputs). I can only put away $2,000 a year toward retirement. I am 25 and plan on retiring at 65 and earning 5%. How much will I have at retirement? I want to be able to have $50,000 a year during retirement. I want to make sure that I can have it until I am 100 years old. I plan to retire at 65. I can earn 5%. How much do I need to have at retirement to be able to make it?
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