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Finance Assignment Due BY Sunday

Date Posted: 27/03/2019
Category: Finance
Due Date: 31/03/2019
Instruction
Answer the following problems in an Excel file. Please upload only one Excel file with all of your answers. All problems must be solved using the PV and FV functions in Excel. I should be able to see your formulas in the “bar” at the top of your spreadsheet. Name your file your last name_Assign#9. The due date is 11:59PM on Mar. 31. Late assignments are not accepted. 1) You need to have $10,000 to pay for your wedding in 5 years. How much do you need to deposit today in a bank that pays 4% interest, compounded annually, in order to achieve your goal? 2) You obtain an installment loan to pay for graduate school in the amount of $30,000. If the lender charges you 7% interest and you are required to pay the loan off in equal annual installments over a period of 8 years, what is the amount of each installment? 3) If you place $4,000 a year in your pension plan and the plan earns 9% per year, how much will you have available for your retirement in 30 years? 4) You are saving for retirement in 20 years. Today, you place $100,000 in a bank account that pays 4% interest, compounded annually, leaving the funds on deposit for the entire 20 years. You also contribute $2,000 each year into your pension plan for 10 years, beginning this year. The pension plan grows at 7% a year. How much do you have available for retirement, 20 years from now? BE CAREFUL; this is a multi-step problem. This one can be tricky
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  • Hi, How is it going?
    User_16276 | Mar 29, 2019, 19:35 PM
  • hello?
    User_16276 | Mar 29, 2019, 20:22 PM
  • Hello, am working ok n your work. Thanks
    funwriter | Mar 30, 2019, 00:42 AM
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    funwriter | Mar 31, 2019, 02:46 AM
  • hi. the file will not open
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    funwriter | Mar 31, 2019, 12:55 PM
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    funwriter | Mar 31, 2019, 12:58 PM
  • still won't work. I am using a MacBook
    User_16276 | Mar 31, 2019, 14:27 PM
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  • alrutskiatgmail.com
    User_16276 | Mar 31, 2019, 14:36 PM
  • Will be sending soon.
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