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need steps in excel as well as showing work urse Home Calendar Course Content Communicate ReportsSubmission Review Table of Contents 2-Financial Analysis and Time Value
need steps in excel as well as showing work
urse Home Calendar Course Content Communicate ReportsSubmission Review Table of Contents 2-Financial Analysis and Time Value of Money Module 2 Discussion Module 2 Discussion Gr Bella is 23 years old and wants to invest money for her retirement. She wants to have $2,000,000 saved up when she retires at age 65. a) If she can earn 10% per year in an equity mutual fund, calculate the amount of money she would have to invest in equal annual amounts to achieve her retirement goal. b) Alternatively how much would she have to invest in equal monthly amounts starting at the end of the current year or month respectively. c) Looking at these numbers, most people would think this is affordable. Why do you think most Americans are not saving for their retirement? Discuss what you believe to be the real reason most 23 year olds (like Bella) are not saving for retirement. What do you think we can do to change this trend? Provide your work in Excel for parts al and b). Write 100-200 words discussing part c). O Type here to searchStep by Step Solution
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