Answer Happy

What formulas should I use to do this? If you could do some as
example, I would be appreciate.
d. When do you want to retire? Use this to determine how many years you will be investing. (65 years old is a good retirement-age estimate). You need to say how old you are if you are retiring when you are 65 or tell me how long until you retire. State what you will use for t. (2 points) e. Determine how much you will have at retirement using the values you decided upon above. (5 points) f. How much of that is interest? (4 points) g. Now let's say you wait just 5 years before you start saving for retirement, how much will that cost you in interest? How about 15 years? How about just 1 year? (10 points) Now you need to consider if that is enough. If you live to be 90 years old, well above avcrage, then from the time you retirc, to the timc you are 90, you will have to live on what you have in retirement (not including social security). So if you retired at 65, you will have another 25 years where your retirement funds have to last. h. Determine how much you will have to live on each year. Note, we are neither taking into account taxes nor inflation (which is about 2% a year). (5 points) Let's look at this from the other direction then, supposing that you wanted to have $40,000 a year after retirement. i. How much would you need to have accumulated before retirement? (5 points)