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How much do you need to save to achieve each of the goals you set out and how do you plan on reaching that goal?
How much do you need to save to achieve each of the goals you set out and how do you plan on reaching that goal? (i.e Assuming a 2% return on my money, to achieve goal 1 I will need to save $50 bi-weekly for 5 years) **Use reasonable rates of return based on your time horizon and identify how you determined the rate of return to use**
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Rate of return: I believe my savings account generate 2.3% interest. This is the account I would theoretically use.
Goals: 1) Buy a new car for $3k (10 months) , 2) Go to Las Vegas with $2k (1 year)
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