BUSI 223 Exercise 4 solutions complete answers
1. Go to CNN Money or https://www.msn.com/en-us/money/tools/retirementplanner and complete the planner with your personal information. Include the information that you put on the left and the results from the right.
2. Answer the following 2 questions using time value of money (your financial calculator or Excel including inputs).
· I can only put away $2,000 a year toward retirement. I am 25 and plan on retiring at 65 and earning 5%. How much will I have at retirement?
· I want to be able to have $50,000 a year during retirement. I want to make sure that I can have it until I am 100 years old. I plan to retire at 65. I can earn 5%. How much do I need to have at retirement to be able to make it?
3. Go to http://www.echristianfinance.com/financial-wisdom.htm and find your top 3 quotes. Include them below.
