What if I tell you that almost all of that retirement calculator is made using Present Value, Future Value and PMT formula in excel that we looked at in the previous lesson.
Yes, that’s right.
Now, it’s time for you to know too.
Let’s see how does that calculator work to calculate your retirement fund need. And how have the PV, FV and PMT functions been used there.
Heading back to the calculator again.
Watch the following two videos.
The first video takes you through how much you need to save for your retirement.
Video length: 16.5 minutes approx.
The second and the final video takes you through the creation of the retirement fund.
Video length: 8 minutes approx.
Do you feel confident with the use of financial formula? What day to day scenarios do you see them using immediately?
Go ahead and build your own small calculator for any goal that you have and share here.