M3A2 Problem Write-up: More on Saving for Retirement

Based on what you learned from the problem you solved with your group, you will submit a written report describing your solution to a similar problem, below. The report is due on the last day of the module (Sunday at 11:59pm).

Instructions:

Answer each of the following questions in your own words. Do not copy and paste or retype the questions themselves into your document, as this will cause unreliable results at Turnitin.com. Simply provide the answers.

1.      Consider the savings plan you developed for yourself in the discussion board. How much did you determine you will need to save each month? You do not need to report the calculations again, but simply restate your conclusion.

2.      With the 3.5% account, the monthly payments might be difficult to maintain or to pay at all. Suppose you decide to wait 4 more years until you retire. What are your monthly payments with this plan?

3.      Now, suppose you can find an account that earns 4% interest instead. How does that change your monthly payments? (You choose how long until you retire in this question).

4.      Interpret your calculated results and state some relevant conclusions.

You may use ideas from the discussion board, but you are expected to write your solution using your own words to explain your reasoning. The report should be no more than 3 pages.

Keep the following in mind to maximize credit for your write-up:

A.    Review the rubric your instructor will use to score your work. (See Evaluation Criteria below).

B.     Answer all parts of the problem.

C.     Write your solution in your own words. Show your justification for every step in your solution, using clear, mathematically accurate language. You can use phrases to explain your reasoning from step to step, but clearly state your final conclusions using complete English sentences (for example, “Jill needs to add 43 gallons of water to her pool”).

D.    Label all numbers with the units they represent (e.g., 0.3048 ft/meter).

E.     Type your write-up in MS Word and try to use the Equation Editor so that your equations are clear.

a.       The video How to use Equation Editor in Microsoft Office (Links to an external site.)Links to an external site. is a good tutorial. For this course, it is sufficient to watch segments 0:00-5:00 and 9:50-12:00. Don’t forget how to cancel units in Word, which was explained in Module 1.

b.      If you cannot type your equations, you may hand-write the mathematics in dark ink, scan your paper, check for legibility then upload your work.

Compose your work in a .doc or .docx file type using a word processor (such as Microsoft Word, etc.) and save it frequently to your computer. For those assignments that are not written essays and require uploading images or PowerPoint slides, please follow uploading guidelines provided by your instructor.

Check your work and correct any spelling or grammatical errors. When you are ready to submit your work, click “Upload Submission.”  Enter the submission title and then click on “Select a file to upload.” Browse your computer, and select your file. Click “Open” and verify the correct file name has appeared next to Submission File. Click on “Continue.”  Confirm submission is correct and then click on “Accept Submission & Save.”

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Status NEW Posted 22 Jan 2019 11:01 PM My Price 10.00

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file 1548199086-MAT 101 Module 3 Problem Assignment 2 More on Saving for Retirement.docx preview (410 words )

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