Question
You have decided to save at least $120 every month and put it towards your retirement in 40 years. You are considering investing in the
You have decided to save at least $120 every month and put it towards your retirement in 40 years. You are considering investing in the stock market, but you are not sure of the risk, so you decide to compare it to not investing. The spreadsheet has the no investment formula, and you will need to use the FV function for the investment formula. Create a one-way data table and two-way data table to compare the following scenarios. a.Create a one-way data table to show how changes in monthly investment (from $100 to $550 in increments of $50) affect your retirement for both not investing and investing in the stock market.b.Create a two-way data table to show how various rates of return (3.5% to 8% in increments of .5% and monthly investments from $100 to $550 in increments of $50) affect your retirement when invested in the stock market. c.Change the values for rate of return, and then use Goal Seek to answer the question.d.Change the values for years and rate of return, and then use Goal Seek to answer the question.
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