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Excel Exercise You are planning for your retirement. You estimate that you will have $600,000 at the time of your retirement. Your goal is to
Excel Exercise You are planning for your retirement. You estimate that you will have $600,000 at the time of your retirement. Your goal is to have a $0 balance at the end of 20 years (at which point you plan on becominga burden to society and your family) You estimate your expenses at $50,000/Year. You estimate interest on your savings at 58/year. You estimate inflation at 38/year. Assume interest and expense payments are made at the beginning of the year objectives: Determine if $600,000 is sufficient If not, determine what you will need Provide all related spreadsheet models Provide a short recommendation State any other assumptions you feel you need to make for this exercise
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