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1 . Gina deposits $ 2 1 0 each month in a retirement plan with an APR of 6 . 7 5 % compounded monthly.

1. Gina deposits $210 each month in a retirement plan with an APR of 6.75% compounded monthly. Use Excel to determine how much will she have in the account after 25 years.
Express your answer rounded correctly to the nearest cent!
Answer = $
2. Rachel has an opportunity to save $230 per month at an APR of 5.45% in a 401K plan through work. She plans to retire in 20 years. The income taxes are at 25% for her.
(1) Use Excel's FV function to determine how much her investment will be worth when she retires based on her contributions.
(Express your answer rounded correctly to the nearest cent!)
$
(2) How much will Rachel have deposited into the account by the time she retires?
(Express your answe)
$55200.00 correct
(3) How much more money will Rachel have earned than what her investment amount was by the time she retires?
(Express your answer rounded correctly to the nearest cent!)
$
3. Isabel decided to put $285 in her savings account at the end of every month for 10 years. If the account has an APR of 6.8% compounded monthly, determine the following amounts she has at the end of 10 years.
Express your answer rounded correctly to the nearest cent!
Use Excel to find the balance after 10 years: $
How much did Isabel invest total over the 10 years? Total Invested: $
How much more is in the account after 10 years than what Isabel invested? $
4. sabel has an opportunity to save $320 per month at an APR of 7.2% in a 401K plan through work. She plans to retire in 30 years. The income taxes are at 27% for her.
(1) How much will Isabel's monthly take-home pay decrease? Review your course materials for help with this calculation.
(Express your answer rounded correctly to the nearest cent!)
5. Carlos has an opportunity to save $335 per month at an APR of 8.3% in a 401K plan through work. He plans to retire in 10 years. Carlos's company offers a 10% matching contribution
(1) How much will Carlos have deposited into the account by the time he retires?
(Express your answer rounded correctly to the nearest cent!)
$40200.00 correct
(2) If Carlos's company offers a 10% matching contribution, use Excel's FV function to determine how much his investment will be worth when he retires.
(Express your answer rounded correctly to the nearest cent!)
$

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