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Post 2: Reply to a Classmate You are an investment advisor to your fellow classmate. After doing these calculations, your classmate is upset to learn
Post 2: Reply to a Classmate You are an investment advisor to your fellow classmate. After doing these calculations, your classmate is upset to learn how much more could have been accumulated with 10 more years of investing. You can help! Find a classmate's initia post that has not yet been replied to by a fellow classmate. Open the Post 2 Investment Calculator. . Enter the total amount that would have been saved by investing 10 years ago from your classmate's post. Enter the same interest rate your classmate chose for their investing. Enter the number of years it will be from now until your classmate turns 67. . . The spreadsheet calculates the amount of money your fellow classmate will need to save each month in order to obtain the same future amount as if s/he had started saving 10 years ago. The reply to your classmate should include the following information and answer these questions: Your classmate's total amount from 10 years ago. . Your classmate's interest rate. The number of years until your classmate turns 67 years old. The amount your classmate should save each month to reach this goal. Has doing these calculations inspired you to start saving more for retirement? What might you tell someone younger than you about saving early for retirement? Review an example of a peer reply 1
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