Accumulation phase -if your savings goal is 565000 and you, Ask an Expert

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Accumulation phase -

If your savings goal is $565,000 and you have 35 years to save, how much must you save each year, assuming a pre-retirement investment return of 5%?

a) Show/explain how to answer this mathematically.

b) If you were a financial planner, how would you explain the results of this retirement-planning analysis to the client?

c) Re-do parts a) and b) assuming a compound annual return of 7%.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92853895

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