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(9 points) Suzy has an opportunity to save $285 per month at an APR of 6.15% in a 401k plan through work. She plans to
(9 points) Suzy has an opportunity to save $285 per month at an APR of 6.15% in a 401k plan through work. She plans to retire in 20 years. The income taxes are at 34% for her. (1) If Suzy's company offers a 15% matching contribution, use Excel's FV function to determine how much her investment will be worth when she retires. (Express your answer rounded correctly to the nearest cent!) $ (2) Use Excel's FV function to determine how much her investment will be worth when she retires based solely on her contributions. (Express your answer rounded correctly to the nearest cent!) $ (3) How much interest will Suzy have earned on her investment by the time she retires? Use Excel's FV function to help answer this question. (Express your answer rounded correctly to the nearest cent!) $ (9 points) Suzy has an opportunity to save $285 per month at an APR of 6.15% in a 401k plan through work. She plans to retire in 20 years. The income taxes are at 34% for her. (1) If Suzy's company offers a 15% matching contribution, use Excel's FV function to determine how much her investment will be worth when she retires. (Express your answer rounded correctly to the nearest cent!) $ (2) Use Excel's FV function to determine how much her investment will be worth when she retires based solely on her contributions. (Express your answer rounded correctly to the nearest cent!) $ (3) How much interest will Suzy have earned on her investment by the time she retires? Use Excel's FV function to help answer this question. (Express your answer rounded correctly to the nearest cent!) $
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