Closing Index value at 12/31/1968: 103.86

Closing Index value at 12/31/2018: 2,506.85

Number of years elapsed: 50.00

Compounding Average Annual Growth Rate: 6.57% (Treat the larger SP figure as the FV, and the smaller as the PV )

Periodic Growth Rate 1.64%

1) This investor is just beginning to save for retirement, planning to invest $500 per quarter, beginning today, in an 'index fund' that provides the same return as the SP 500. If the investor plans to retire 40 years from today, how much money will he or she have given the calculated SP 500 growth rate? Balance at Retirement:

2)

This investor wants more money than that at retirement! If the desired balance at retirement is $1,000,000, how much must the investor invest in the SP 500 index fund each quarter, beginning today, until retirement 40 years from today?
						40	1,000,000	Required quarterly investment: