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I can answer these but they need to be answered in Excel and I dont really know how to use excel so I need some
I can answer these but they need to be answered in Excel and I dont really know how to use excel so I need some help please and thank you
Case Narrative Ann E. Belle is age 45 and plans to retire in 20 years (at age 65). She has retirement savings in a mutual fund account, which has a current balance of $100.000 (Ann does not plan to add any additional money to this account). Also, Ann opened a 401K retirement account with her new employer and will contribute $10.000 per year into her 401K until retirement. If Ann's mutual fund account grows at an annual rate of 6.0% how much money will Ann have in her mutual fund account at age 65? If Ann's 401K account grows at an annual rate of 6.0% per year, how much money will Ann have in her 401K account at age 65? What is the total investment balance of Ann's retirement account at the age of 65? At retirement. Ann plans take the investment balance from her mutual fund account and the balance from her 401K account and combine them into an IRA account. To minimize risk her IRA account will invest in more conservative securities. As a result, Ann anticipates her annual IRA returns to be about 5.0% during retirement. While in retirement, Susan plans to withdraw $60.000 per year from her IRA account over the next 25 years. Is this possible? Explain why or why notStep by Step Solution
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