Using the accompanying Retirement Calculator spreadsheet model, Claire wants to use Scenario Manager to compare the following retirement saving scenarios: Click here for the Excel Data File Scenario 3 Starting salary $ 55,900 $ 70,900 $ 68,900 $ 72,900 Increase rate Saving rate Return rate 2% 2% 3% 3% 15% 10% 15% 10% Scenario generates the highest retirement savings Amount 7% 7% 7% 7% a. Which scenario generates the highest retirement savings at the end of 10 years? What is the amount? Note: Round "Amount" to 2 decimal places.
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- akeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3false hapter 11 Lab Application 全 回 Sign ia еBook You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period? (Click here to see present value and future value tables) Amounts of Value at the End Investment Rate Times of the Period $7,000 20% 16 years 612,094.91X $11,000 15% 9 years 184,644.26X $15,000 12% 5 years 95,292.71 X $36,000 10% 2 years 75,600.00 Feedback > Check My Work For each scenario, use the rate and time components to use the applicable time value of money table to determine the needed factor. Multiply the investment amount by the future value factor to determine the value of end of the period. 6:38 PM G O 4) ENG 13 68°F Sunny 10/26/2021 O P Type here to search hp %24 %24 %24Use Goal seek on the loan amount of $825,000. You would like the monthlypayment to be $4500.00. Find a solution for new loan amount, term, and Interestrate. Do not overwrite the Existing data on D3. Hint: Use Cancel when goal seekfinds a solution. Write the solution in the space provided on a spreadsheet.nnuity. Fill in the missing present values in the following table for an ordinary annuity: Future Value ate Data Table (Click on the following icon O in order to copy its contents into a spreadsheet) it Valuo $298 01 S3.396 92 S615 39 $2.459 07 6% 12% 2.5% 07% 18 0. 27 260 0. Print Done Check A
- An survival model is given by the survival function S₁(x) = e Suppose a whole life insurance policy with a benefit of $118250 payable immediately at the time of death of the insured life has a continuously compound interest rate 8 -0.026. (a) What is the present value for the benefit if the policy is purchased at age 42? EPV = $ a= 0.0008 (b) What is the standard deviation of the present value of this insurance benefit if the policy is purchased at age 42? Note: Round your answer to two decimal places.Question Use Scenario Manager to create a scenario report summarizing the monthly payments (use the PMT function) for the scenarios given below. Scenario Principal borrowed Monthly rate Number of monthly payments Lowest Principal $770,000 0.60% 360 Likely Principal $900,000 0.65% 240 Highest Principal $980,000 0.70% 180 1. The scenario summary should be placed on a new worksheet that is different from the one that contains all the information and the base scenario/model. 2. All input and output cells in the scenario summary should be clearly named using range names. 3. Refer to the instructions listed under 'Homework assignments' in D2L.Find the interest earned on $5,750 deposited into a savings account for 3 1/2 years at an annual interest rate of 4 1/2% a. What formula should be used? b. What are you trying to find and what variable does it represent in the formula? c. Solve the problem showing all of your work (must show all steps!!) d. Interpet your answer using a complete sentence You may use the box below to upoload a picture of your written explanation or type it out in the box. Use the "mountain" button to add pictures.
- In cell B12, create a formula using the PMT function to calculate the monthly payments for loan Option A. Use the values in cells B8, B10, and B5 for the Rate, Nper, and Pv arguments, respectively, and do not enter any values for the optional arguments. Copy the formula you created in cell B12 into the range C12:D12.Amortizing prior service cost for pension plans will: Multiple Choice Increase liabilities. Decrease retained earnings. Decrease assets. Increase shareholders' equity. 14 of 39 Next > SPrev 7 Question no...pages ....pdf Question no....pages MacBook Air ...Based on the values in the Table below, identify the present value of benefits for Year 5 if the rate of return is 0.14. Year 1 2 3 4 5 6 7 Benefits 25000 31200 38500 51000 60100 66000 72000 Multiplier 0.87 0.77 0.68 0.59 Present Value of 21750 24024 26180 30090 Benefits A. 52287 В. 31252 C. 24040 D. 30360 B.
- Using a spreadsheet generate your own set of Discount and AnnuityTables for, say, all discount rates between 1% and 20% (at 1 percentagepoint intervals) and for time periods 1 to 30 (at one time periodintervals), as well as time periods 50 and 100. You should generate thesetables by inserting the numbers for the time periods in the first columnof each row and the discount rates in the first row of each column, andthen inserting the appropriate formula into one cell of the table – year 1at 1% - and then copying it to all other cells in the matrix. (Hint: Do notforget to anchor the references to periods and discount rates using the“$” symbol.)Answer: Write the discount formula into spreadsheet as shown below and then copyacross 20 columns (headed 1% through 20%) and down 50 rows (headed 1 to 50).Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. Which of the following equations can be used to solve for the future value of an annuity due? PMT x {[(1 + r)ª − 1]/r} x (1 + r) O FV/(1 + r)¹ PMT x {[(1 + r)" - 1]/r} O PMT x ({1 - [1/(1 + r)"]}/r) x (1 + r)To calculate the withdrawal amount from an account in which you want to maintain a static balance, you use the __________________ formula. Group of answer choices Installment Payment Simple Interest Annuity Compound Interest