Unit 3 discussion
Part 1:
John Jetison believes he would need $500,000 to retire today
and keep his same lifestyle.
If Jetison estimates he will retire in 20 years, how much
should he put away each month to have the equivalent of $500,000 in 20 years if
the interest he can earn is 5%?
If the interest rate changes to 3%, what will Jetison need
to save each month?
Picture cash flows on a timeline and present it when
providing your answer.
Part 2:
Think about your own retirement; what would the timeline
look like? In what ways could you better prepare for retirement?
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