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MAT 101 Excelsior College Module 3 Saving for Retirement Questions

MAT 101 Excelsior College Module 3 Saving for Retirement Questions

The problem you must solve is:

1. Consider the savings plan you developed in the discussion. How much did youdetermine you need to save each month? You do not need to repeat thosecalculations here, but just re-state your conclusion.

2. With the savings plan you developed in the discussion, the monthly payments mightbe difficult to maintain or to pay at all. Suppose you decide to wait 4 more years untilyou retire. What are your monthly payments with this plan?

3. Suppose you can find an account that earns interest at 4.3% interest instead. Howdoes that change your monthly payments? (You choose how long until you retire inthis question.)

4. State your conclusions and interpretations of these calculations.

Please see dicusiion atatched in relation to question above.

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