OFF AutoSave ABES Mid1 Student Name Home Insert Draw Page Layout Formulas Data Review View Tell me X out Arial - A A P w Test General ( ~ Paste B. Format I U A Merge & Center s-% 9 Conditional Form Forming as A2 fx It is human nature to put things off and say, "I will start saving next year. But when it comes to financial matters, the cost of procrastination can be seeing Supe C D G 1 Question 2: Grade It is human nature to put things off, and say, "I will start saving next year." But when it comes to financial matters, the cost of procrastination can be staggering. Suppose that you are making $1500 annual contributions to your retirement funds at the end of year 25, and you eam a 10% retum. Assuming that you plan to retire at the end of year 60 find the amount Fat retirement. Now If you want to save the same amount F at retirement, what are the required annual contributions as a function of starting ago? Consider varying the age from the 25 to 50 years A 5 F 1 2 6 9 10 11 12 13 14 15 16 19 20 24 57