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Create an investment plan 1. Choose if you want to create an investment plan; 2. Create an investment plan wherein you will give your own
Create an investment plan 1. Choose if you want to create an investment plan; 2. Create an investment plan wherein you will give your own future value. As an example, let S = 1,000,000 PHP as the future value. After choosing your own future value, you would also give your own interest rate per year. The interest rate per year must have 2 decimal places. As an example, let j = 3.51%. If you use j = 3%, your paper is invalid. The interest rate per year should have 2 decimal places. After choosing the given values, you should complete the table given below by solving for the periodic deposit that you should deposit periodically so that after n years, you would receive the future value that you have chosen wherein the interest per year is the interest rate per year that you have chosen. For example, to solve for the first cell in the given table, let S = 1,000,000 php and j = 3.51%. The frequency of conversion is going to be monthly because that is the row where the cell is in and the number of years is 2 years but that is the column where the cell is. Therefore, the complete given is 5 = 1,000,000 PHP, j = 3.51% interest rate compounded monthly, I = 3.51%/12, t = 2 years and n = 2 years times 12 = 24 periods. Solving for the value of s, we will gets = 40,282.16 PHP per month. Therefore I would put that in the first cell. You would do that for each cell. Each cell has a different frequency of conversion and number of years. Since this is an investment, the value in the cells refer to the amount of money that you should deposit in an investment so that you will receive the amount of the future value aftern years. As an example, to receive 1,000,000 PHP after 2 years, I should deposit 40,282.16 PHP per month for the next 2 years. After completing the table, choose one of the options that you solved and explain why for you that is the best option. As an example, "I would choose 2 years monthly because Years 10 5 15 20 2 40,282.16 PHP Monthly Quarterly Semi- Annually Annually FORMAT: Same as the reflection paper format NOTE: You should choose your own future value and interest rate per year. Do not copy mine
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