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Create an Excel spreadsheet for a client's retirement fund that includes the following specifications. Inputs: Assume that the user's turned 25 today. You may pick
Create an Excel spreadsheet for a client's retirement fund that includes the following specifications. Inputs: Assume that the user's turned 25 today. You may pick a retirement age for the user (any age greater than 50 but less than the estimated life expectancy). Make it clear in the spreadsheet what your choice is unless you make current age and retirement age user inputs. Assume user retires on his birthday. For example, if the user retires at 26, he worked for 1 year. Indicate cells for the client's information (user input) with color coding. At a minimum, user inputs cells should include: 1. current salary 2. expected percent increase in salary annually 3. % of salary to be put into a retirement account annually 4. % expected return on investment annually pre-retirement 5. % expected return on investment annually during retirement 6. projected life expectancy (assume user dies on his/her birthday) 7. A blank column for the client to add additional cash flows for each of the years. Cash flows may be positive (contribution to the retirement account) or negative (withdrawals from the retirement account) Outputs: Create a table of the user's retirement account at each age
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