Exercise 8 Instructions
1. Go to CNN Money 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?