Mr.Rudi is a manager in an automation company. As part of his future planning, Mr.Rudi plans to manage an investment of IDR 100 thousand in the first year and increase this amount by 10% every year. For this calculation, you have to create an excel spreadsheet based on the data provided along with the Cash flow diagram. Based on the data provided: a. How long will Mr.Rudi's account have a future monetary value of IDR 3,000,000 at a rate of return of 6% per annum? b. If Mr.Rudi calculates to the next 30 years, determine the total nominal amount in the next 10, 20, and 30 years that will be achieved by Mr.Rudi. The calculation spreadsheet should describe the amount deposited each year.
Mr.Rudi is a manager in an automation company. As part of his future planning, Mr.Rudi plans to manage an investment of IDR 100 thousand in the first year and increase this amount by 10% every year. For this calculation, you have to create an excel spreadsheet based on the data provided along with the Cash flow diagram. Based on the data provided: a. How long will Mr.Rudi's account have a future monetary value of IDR 3,000,000 at a rate of return of 6% per annum? b. If Mr.Rudi calculates to the next 30 years, determine the total nominal amount in the next 10, 20, and 30 years that will be achieved by Mr.Rudi. The calculation spreadsheet should describe the amount deposited each year.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Mr.Rudi is a manager in an automation company. As part of his future planning, Mr.Rudi plans to
manage an investment of IDR 100 thousand in the first year and increase this amount by 10% every
year. For this calculation, you have to create an excel spreadsheet based on the data provided along
with the Cash flow diagram. Based on the data provided:
a.
How long will Mr.Rudi's account have a future monetary value of IDR 3,000,000 at a rate of
return of 6% per annum?
b.
If Mr.Rudi calculates to the next 30 years, determine the total nominal amount in the next 10,
20, and 30 years that will be achieved by Mr.Rudi. The calculation spreadsheet should
describe the amount deposited each year.
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