Determine a realistic dollar amount to achieve your desired goal and set a date for the accomplishment.(i.e., $800,000 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

The PV(present value) of the account is $54,000.

n (number of periods) = 20, i (interest) = 4%/7%, PMT (periodic payment) = 0, FV (required future value) = $800,000.