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Build a model in excel that will calculate the amount you will need to contribute each month into your retirement account. Input for the model:
Build a model in excel that will calculate the amount you will need to contribute each month into your retirement account. Input for the model: Interest rate Number of years until retirement Income per month after retirement Output from the model: Monthly contribution until retirement To test your model use the following values. 6% interest, 45 years until retirement, monthly income after retirement $7000/month. The monthly contribution should be $507
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