You are examining whether your savings will be adequate to meeting your retirement needs.You saved $1,200 last year (these funds are used for a different purpose and are not available for retirement needs),and you expect your annual savings to grow 5
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You are examining whether your savings will be adequate to meeting your retirement needs.You saved $1,200 last year (these funds are used for a different purpose and are not available for retirement needs),and you expect your annual savings to grow 5
You are examining whether your savings will be adequate to meeting your retirement needs.You saved $1,200 last year (these funds are used for a different purpose and are not available for retirement needs),and you expect your annual savings to grow 5% a year for the next 15 years.This means you save $1260 at the end of year 1 and these savings will grow each year.If you can invest your money at 6%,how much would you expect to have at the end of the fifteenth year?(Last year’s savings are not to be included in the accumulated savings).
And,how much money will have you by the end of 15 years if you can invest your accumulated savings at 8% or 10% each year?What if you can only invest at 4%?Calculate future value at the end of 15 years.Include screen shots of calculations and formulae (from formula view) in your answer.
You are examining whether your savings will be adequate to meeting your retirement needs.You saved $1,200 last year (these funds are used for a different purpose and are not available for retirement needs),and you expect your annual savings to grow 5
已经把这道题的解答用Excel做出来了(如图)