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Please help me to solve this problem, I need to use Excel to solve the process Question 12 0 7 10 pts You have been
Please help me to solve this problem, I need to use Excel to solve the process
Question 12 0 7 10 pts You have been on the job for five years and just turned 30 today. You have accumulated $50,000 in your retirement account and want to review where you are relative to your goals. 1. You wish to retire at age 60 and expect to live until age 90 2. During retirement, you wish to have $20,000 per month (at the beginning of each month) to spend. 3. When you die, you wish to have $1,000,000 to fund an trust to take care of your cats and all of their future offspring. 4. You believe that you can earn 11% on your investments during your working years and 7% afterwards. 5. Keeping in mind that you already have $50,000, how much must you invest each month until you retire to meet your goals? 0 $1,253.55 Answer O $639.96 $232.83 swered $644.56Step by Step Solution
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