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7. Retirement Planning. Lindsay is 25 years old and has a new job in web development. She wants to make sure that she is financially
7. Retirement Planning. Lindsay is 25 years old and has a new job in web development. She wants to make sure that she is financially sound in 30 years, so she plans to invest the same amount into a retirement account at the end of every year for the next 30 years. Note that because Lindsay invests at the end of the year, there is no interest earned on the contribution for the year in which she contributes. a. Construct a data table that will show Lindsay the balance of her retirement account for various levels of annual investment and return. b. Develop the two-way table for annual investment amounts of $5,000 to $20,000 in increments of $1,000 and for returns of 0% to 12% in increments of 1%
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