b. Determine the formula for the accumulated amount that you will have saved for retirement as a lnction of time and be sure to simplify it as much as possible. You need to be able to show me what you used for r, n, and P so that I can calculate your answers. Plug in those values into the formula and simplify the equation. (5 points) c. Graph this function from t = 0 to t = 50. (6 points) Ways to show graphs: 0 Excel 0 Hand draw, take a pic with phone and import it into your document as a picture. 0 Online graphing calculator program (try googling free graphing calculators or use one listed in the Tech websites from Module 1) d. When do you want to retire? Use this to determine how many years you will be investing. (65 years old is a good retirement-age estimate). You need to say how old you are if you are retiring when you are 65 or tell me how long until you retire. State what you will use for t. (2 points) e. Determine how much you will have at retirement using the values you decided upon above. (5 points) f. How much of that is interest? (4 points) g. Now let's say you wait just 5 years before you start saving for retirement, how much will that cost you in interest? How about 10 years? How about just 1 year? (10 points) Now you need to consider if that is enough. If you live to be 90 years old, well above average, then from the time you retire, to the time you are 90, you will have to live on what you have in retirement (not including social security). So if you retired at 65, you will have another 25 years where your retirement funds have to last