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FiNA 2770 - Family Financial Plan Project - Part 3 - Retirement and Investments (50 Points) Latoya and Sam want your help with retirement and

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FiNA 2770 - Family Financial Plan Project - Part 3 - Retirement and Investments (50 Points) Latoya and Sam want your help with retirement and investing. Latoya and Sam both have 401k plans at work. They are currently saving 3% out of their $123,000 combined salaries and their employers match $1 per $1 up to 3% (100\% match). Their December 31st combined balance was $8,000. Latoya has figured out they want to have $4,500,000 by the time they retire. They are currently 27 and plan to retire at age 70 . The expected investment return is 7%. Use the table below to caiculate the % they need to contribute from their paychecks moving forward

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