A certain person is currently 25 years old. They plan to retire at age 67 and
want to be able to have $3,000.00 a month in retirement. Their current salary
is $51,620.00, they can put aside 10% and they currently have $9,000.00
saved for retirement. Using the excel document provided by your teacher,
answer the following questions.
a) How much will they need to retire?
b) How much will they have when they retire?
c) What is the difference?
d) What percent do they need to be saving to reach their goal?
