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PLEASE WORK IN EXCEL SHEET 2. You plan to retire in 30 years and you are...

PLEASE WORK IN EXCEL SHEET

2.

You plan to retire in 30 years and you are investing $250 per month in the BMO Large-Cap Growth mutual fund. The fund has an average annual return of 13.45%. How much will you have at retirement?

PLEASE WORK IN EXCEL SHEET

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Answer #1
Investment per month $              250.00
Annual return 13.45%
Monthly return 1.12%
Number of years                           30
Number of monthly investments                        360
Amount at retirement $ 1,210,883.35

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