Answered You can hire a professional tutor to get the answer.

QUESTION

Pearl has an opportunity to save through her company's 401K retirement plan. The APR is 4.

  1. Pearl has an opportunity to save through her company's 401K retirement plan. The APR is 4.75%. Develop a strategy for Pearl by determining how much she should contribute monthly to the 401K so she will have at least 700,000 but not more than $725,000 after 32 years of monthly saving. (Hint: You will need to use excel by testing out different numbers to make this true. Which monthly rate is needed to get the value of her retirement within range?)
Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question