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Use the table to calculate the total retirement savings of each employee based on the following instructions. - In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format. - In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step. Format the results using accounting number format.

Use the table to calculate the total retirement savings of each employee based on the following instructions. - In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format. - In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step. Format the results using accounting number format.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Use the table to calculate the total retirement savings of each employee based on the following instructions.

- In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format.

- In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step. Format the results using accounting number format.

exploring2. N360Downl. Microsoft New Tab AutoSave John_MS100_Assignment5_PMTFV_Start - O Search ff File Home Insert Page Layout Formulas Data Review View Help Finess Data mments E Apps Showdown! S A Pokémon Calcula.. E Reading list >> DATA EXCEL - A A == ab Calibri 11 General EX Delete Paste В I U $ • % 9 58 98 Conditional Format as Cell Sort & Find & Analyze Sensitivity A Formatting v Table v Styles H Format Filter v Select v Data Pokémon Clipboard Font Alignment Number Styles Cells Editing Analysis Sensitivity no Trading Car. A1 fx General Information В D F G H I K 1 General Information RADICAL 2 Retirement Account QPR 1.25% Retirement age 65 RED 3 >= 30 contribution amount 7% Contribution increase age 30 4 <30 contribution amount 5% Monthly Contribution Annual Salary 21 $ 199,883.00 55 $ 126,528.00 83,189.00 79,200.00 90,874.00 160,118.00 91,388.00 40 $ 156,076.00 54,389.00 80,188.00 62 $ 102,220.00 125,218.00 24 $ 167,899.00 52,301.00 121,907.00 157,136.00 34 $ 169,294.00 $ 127,394.00 44 $ 118,744.00 28 $ 177,865.00 Last Name Age Total savings at retirement Use the table to calculate the total retirement savings of each employee based on the following instructions. HW ALVAREZ 8. BURKE MILLS 46 $ In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format. 10 TERRY 64 $ 37 $ 41 $ 63 $ 11 SMITH РКНЕХ 12 MCKINNEY 13 LAWRENCE CALDWELL CHAVEZ 14 33 $ 34 $ - In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step Format the results using accounting number format. 15 16 MENDOZA 17 PARKER SLIPPI 18 NEWMAN 28 19 BURGESS 38 $ 62 $ 58 $ 20 KNIGHT 21 HARRIS 22 FRAZIER Recycle Bin DESMUME 23 TATE 24 LONG 40 25 RAMIREZ 26 WELCH 27 28 29 30 Instructions Mortgage calculation Retirement 1 Retirement 2 + JAdd-ins loaded successfully 囲 90% Minceraft
Transcribed Image Text:exploring2. N360Downl. Microsoft New Tab AutoSave John_MS100_Assignment5_PMTFV_Start - O Search ff File Home Insert Page Layout Formulas Data Review View Help Finess Data mments E Apps Showdown! S A Pokémon Calcula.. E Reading list >> DATA EXCEL - A A == ab Calibri 11 General EX Delete Paste В I U $ • % 9 58 98 Conditional Format as Cell Sort & Find & Analyze Sensitivity A Formatting v Table v Styles H Format Filter v Select v Data Pokémon Clipboard Font Alignment Number Styles Cells Editing Analysis Sensitivity no Trading Car. A1 fx General Information В D F G H I K 1 General Information RADICAL 2 Retirement Account QPR 1.25% Retirement age 65 RED 3 >= 30 contribution amount 7% Contribution increase age 30 4 <30 contribution amount 5% Monthly Contribution Annual Salary 21 $ 199,883.00 55 $ 126,528.00 83,189.00 79,200.00 90,874.00 160,118.00 91,388.00 40 $ 156,076.00 54,389.00 80,188.00 62 $ 102,220.00 125,218.00 24 $ 167,899.00 52,301.00 121,907.00 157,136.00 34 $ 169,294.00 $ 127,394.00 44 $ 118,744.00 28 $ 177,865.00 Last Name Age Total savings at retirement Use the table to calculate the total retirement savings of each employee based on the following instructions. HW ALVAREZ 8. BURKE MILLS 46 $ In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format. 10 TERRY 64 $ 37 $ 41 $ 63 $ 11 SMITH РКНЕХ 12 MCKINNEY 13 LAWRENCE CALDWELL CHAVEZ 14 33 $ 34 $ - In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step Format the results using accounting number format. 15 16 MENDOZA 17 PARKER SLIPPI 18 NEWMAN 28 19 BURGESS 38 $ 62 $ 58 $ 20 KNIGHT 21 HARRIS 22 FRAZIER Recycle Bin DESMUME 23 TATE 24 LONG 40 25 RAMIREZ 26 WELCH 27 28 29 30 Instructions Mortgage calculation Retirement 1 Retirement 2 + JAdd-ins loaded successfully 囲 90% Minceraft
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