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Section II: Savings Go to http: //www.bankrate.com/calculators/savings/compound-savings-calculalor-tool.aspx to answer the following questions. Part I: You just started your first job, and you have no money

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Section II: Savings Go to http: //www.bankrate.com/calculators/savings/compound-savings-calculalor-tool.aspx to answer the following questions. Part I: You just started your first job, and you have no money to save, right? Well, let's look at the compounding effect of interest and see if you change your mind! What happens if you decide to skip the coffee shop twice a week and get free coffee from work instead? Say you save $3 per cup of coffee and you do this from the time you start your first job at age 25 until you retire at age 65. How much will you save during that time? Enter the following into the Compound Interest Calculator (you need to solve for some of the numbers): Are you shocked yet

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