Using the information below, answer the following questions Annual Retirement Income Need 150,000 Years until Retirement 30 Years in Retirement 35 Rate of Return before Retirement 8 00 Rate of Return during Retirement 5 00 How much money will you need to have accumulated at the time of retirement to be able to meet your income needs during retirement If you were to make a single lump sum investment today, how much would you need to invest today to meet your goal at the time of retirement If you were to invest an equal dollar amount each year, how much would you need to invest annually to meet your goal at the time of retirement Use the short way (i e , PV and PMT functions) to solve the problem Use the long way (i e , set up cash flow table and use solver goal seek) to solve the above problem (Q3) In a new tab, set up a TWO WAY Data Table to illustrate the impact on the required annual investment if both the rate of return before and after retirement change There is no Excel template for this exercise Please create your own based on the information above

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Posted on Oct 02, 2024

Using the information below, answer the following questions:

Annual Retirement Income Need	150,000
Years until Retirement	30
Years in Retirement	35
Rate of Return before Retirement	8.00%
Rate of Return during Retirement	5.00%

How much money will you need to have accumulated at the time of retirement to be able to meet your income needs during retirement?
If you were to make a single lump sum investment today, how much would you need to invest today to meet your goal at the time of retirement?
If you were to invest an equal dollar amount each year, how much would you need to invest annually to meet your goal at the time of retirement? Use the short way (i.e., PV and PMT functions) to solve the problem.
Use the long way (i.e., set up cash flow table and use solver/goal seek) to solve the above problem (Q3).
In a new tab, set up a TWO WAY Data Table to illustrate the impact on the required annual investment if both the rate of return before and after retirement change.

There is no Excel template for this exercise. Please create your own based on the information above.