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please use excel Given the following data: (Assume monthly compounding or discounting) (Assume all payments are end of the month payments) Monthly Retirement Income Needed
please use excel
Given the following data: (Assume monthly compounding or discounting) (Assume all payments are end of the month payments) Monthly Retirement Income Needed Years until Retirement $12,000 30 Years in Retirement 25 9.00% Rate of Return before Retirement Rate of Return during Retirement 6.00% (a) Calculate the total Savings Required at Retirement (b) Calculate equal monthly Investment (Payment) Required prior to retirement to accumulate the amount needed for retirementStep by Step Solution
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