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4.3 SAVING FOR THE GOAL OF RETIREMENT Is there a set age when you would like to retire? Complete worksheet 2.3 based on this desired

4.3 SAVING FOR THE GOAL OF RETIREMENT

Is there a set age when you would like to retire? Complete worksheet 2.3 based on this desired age for retirement.

Number of years from retirement: 43 years

Desired amount of retirement savings: $1 Million

Given a 5% annual interest rate, use the FVIFA table (page 434) or formula to calculate how much money you need to save per year. $______________

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