Determine a realistic dollar amount to achieve your desired goal and set a date for the accomplishment.(i.e., $1,00,000 in retirement by the end of 20 years)

Using an interest rate of 4% determine the amount of money youll need to save each month starting today in order to achieve your goal. List and solve using the following variables: PMT=payment per month, N=number of payments, FV=future value, PV=present value, and I=interest rate

Using an interest rate of 7% determine the amount of money youll need to save each month starting today in order to achieve your goal. Once again please list and solve using the following variables: PMT=payment per month, N=number of payments, FV=future value PV=present value I=interest rate

How did the change in interest rate impact the dollar amount you needed to obtain your goal? Do you feel your goal is obtainable under both scenarios? Why or why not?