Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
MATH GURU TO DO MATH ASSIGNMENT
The problem you must solve is:
- Consider the savings plan you developed in the discussion. How much did you determine you need to save each month? You do not need to repeat those calculations here, but just re-state your conclusion.
- With the 3.5% account, the monthly payments might be difficult to maintain, so you decide to wait 5 more years until you retire. What are your monthly payments with this plan?
- Suppose you can find an account that earns interest at 4% interest instead. How does that change your monthly payments? (You choose how long until you retire in this question.)
- State your conclusions and interpretations of these calculations.
