## Individual Research Projects Section 11.5

### Project 11.8

Outline a program for your own retirement. In the process of writing this paper answer the following questions. You will need to state your assumptions about interest and inflation rates.

1. What monthly amount of money today would provide
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## Reference Topics 11-1

There are many sources of sites related to the material of this chapter. Here are a few of the better ones. Compound interest calculator:
http://www.moneychimp.com/calculator/compound_interest_calculator.htm

This calculator uses continuous compounding:
http://www.moneychimp.com/articles/finworks/continuous_compounding.htm

Calculator and graphs for various financial situations:
http://www.moneychimp.com/index.html

U.S. … See the whole entry

## 11.1 Outline

1. Amount of simple interest
1. interest/interest rate
2. principal/present value
3. time
4. simple interest formula
2. Future value
3. Interest for part of a year
1. exact interest
2. ordinary interest
3. time ordinary interest
4. future value formula (simple interest)
4. Compounding interest
1. compound interest
2. compounding annual
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