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( ( i already did number one i need help with 2 , 3 , 4 ) ) Estimate Nest EBG: Assuming a 3 %
i already did number one i need help with
Estimate Nest EBG:
Assuming a interest rate, use the Payout Annulty formula to determine your required nest egamount needed at retirement to be able to withdraw $ month for years.
you need $ in your account before you retire.
II Calculate Investment Requirements:
You have years until you can retire and have found an annuity paying per month. How much will you need to deposit each month for the next years to have your required nest egg part I abovel?
III. Interest:
Determine the amount of your nest egg that is earned interest.
IV Cost of postponing:
a If you decided to put off investing for years, how much would you have after years of investing, assuming you made the same investment calculated in part I?
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