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For your initial post (due by Thursday @ 11:59pm), I want you to think about...

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Accounting

For your initial post (due by Thursday @ 11:59pm), I want you to think about saving for your own retirement. As you watch the TVM videos and familiarize yourself with it you will realize that there are five variables: Number of Periods (n), Interest Rate (i), Present Value (PV), Payment (PMT), and Future Value (FV). I'd like you to relate each input to your own retirement planning, ie how long do you think you'll save for (this means you'll have to identify when you will begin saving and when you plan to retire), how much do you anticipate earning on your savings (the interest rate), how much do you have currently for retirement (present value), how much you plan to contribute (payment), and eventually we'll calculate how much you'll have when you retire (future value). For this step we're simply getting you to think about it and share your thoughts with your colleagues.

Please help need a guideline on what to do here.

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