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i need this solved the 2nd picture is what it is supposed to look like when completed. Be sure to include Columns E and F.

i need this solved the 2nd picture is what it is supposed to look like when completed. Be sure to include Columns E and F.
(Roth 401k) (Total investment)
image text in transcribed
image text in transcribed
The Problem is down below!
3. In the Investment worksheet, you will be calculating the monthly balance of a persons investments over a 30 year period. So, you will enter the formulas for each investment vehicle in the first row (row 7). You then will autofill those down for 359 more cells. These 360 total cells represent every month of this persons investments over 30 years. Follow each of the steps below
Manually enter a formula that will calculate the balance of the IRA investment in B7. To do this, take the previous balance, add the contribution, then add the earned interest for the month (which is the balance times the interest rate divided by 12). One additional aspect is that you have decided to have a maximum amount for your investments. For this investment, it is the amount in B3 ($10,000). You should adjust your formula to account for this by having an IF function that stops adding the monthly contribution once the current balance exceeds the maximum amount. It should still add the interest though. Once this is done, autofill the formula downwards (down column B) until you have reached 360 total balance listings.
The formula for the next two investments will have the same core (previous balance plus contribution plus interest). A significant difference though is that there are now four possible calculations instead of two. You still have the maximum balance situation but you also will be adding the payment from the previous investment once that balance has reached its own maximum. The 2x2 set of possibilities would be as follows
o Situation 1: balance is not maxed out & no extra payment from the previous investment
o Situation 2: balance is maxed out & no extra payment from the previous investment
o Situation 3: balance is not maxed out & an extra payment from the previous investment
o Situation 4: balance is maxed out & an extra payment from the previous investment
So, you would have four IF statements that address each of these situations and has an appropriate formula for each (not having or having a contribution depending on the balance being maxed out AND not having or having an extra contribution if the previous investment(s) have been maxed out)
The final investment (the 401k) does not have a max amount so it only has two possible situations: extra contributions or not. You should only check the second to last investment (the savings) and if it has been maxed out, you should add ALL of the contributions from all three prior investments.
With all the formulas entered and autofilled, you need to then autofill the date (column A) down for the entire 360 month rows. Each row should represent a month so each date should be one month advanced from the previous cell. Then, enter a SUM function in cell G6 and autofill that down to where the investment contributions end.
The final total at the end (2/1/2050) should be $2,351,041.86
i need the formula for the 401k and total investment image text in transcribed
Estimated Growth 2 Monthly Contributi 3 Max Balance 5.90% $50.00 10,000.00 - DE 7.90% 1.90% 8.20% $250.00 $160.00 $1,156.00 40,000.00 $ 50,000.00 N/A $ $ 5 Date Savings Roth 401k Total Investment 3/1/2020 $ 4/1/2020 5/1/2020 6/1/2020 7/1/2020 8/1/2020 9/1/2020 10/1/2020 11/1/2020 12/1/2020 m ed Growth Monty Contribut Mes 100 7.50% Sose 0000 1.86% $160.00 0000 0 NA $1.156.00 Roth 4011 Total Investment 11/2009 4/1/2020 S 5/1/2020 6/1/2020 S 7/1/2020 S /1/2020 9/1/2020 S 10/1/2020 11/1/2020 $ 12/1/2020 $ 1/1/2021 2/1/2021 S 1/1/2021 S 4/1/2021 S 5/1/20215 6/1/2015 7/1/20215 8/1/2021 $ 9/1/20215 10/1/2021 $ 11/1/2021 $ 12/1/20215 $0.00 $ 100.25 $ 150.74 201.48 252.47 $ 308.71 355215 106.95 $ 458.95 $ $11.21 563.72 $ 616.49 $ 52 $ 722.82 $ 777 $ 810.19 $ 634.27 $ 918.625 900.23 1.04.12 s 1101275 250.00 $ 501.65 $ 744.95 1,009.92 $ 1.26657 $ 1,524.91 $ 1,71445 2.046 20 S 2.110.175 2,575.18 2,342.33 S 1,111.045 1 101.5) 5 3,650.705 1,927.84 S 4.209.70 S 4.481375 4,760.00 5 5,042.22 5,125.415 810.47 $ 1600S 230 $ 48065 641 52 S 802 54S 9631 1.125 135 1.287 125 1.44915 1,611 45 5 1.774.00 $ 1,936.815 2,091 S 2,263 20 $ 2,426.78 5 2590.6) 5 2.754.73S 2010.095 3,083.71 $ 3.248 595 3.413. 7 5 1156 00 2,319.90 3401.75 4.67161 5.859 53 7.058 0.259.29 9.472 10.612 5 11,922.09 12.15049 14 405 42 15.659.85 16,922.85 10.104.50 19,4781 20,75191 22.051.89 21.15855 24.63424 26.00891 1.616.00 224704 487820 6 $24.53 181.11 948.00 11.525.27 12.212.99 14 11.23 16 620.06 16 319.55 20069,76 21. 810.78 23.562.67 25 325.50 27.099.14 28.04.25 30.680.38 12.487.71 34.306.36 16 116.39 pmt situation not maxed out and no extra pay yes situation maxed out and no extra paymenino situation not maxed out and extra paymer yes situation maxed out and extra payment no pmt no no yes yes 19 8:12 4/1/2021 669.52497 3381.52544 2099, 5/1/2021 722.816801 3653.78715 2263. 6/1/2021 776.37065 3927.84125 2426. 7/1/2021 830.187806 4203.69954 2590. 8/1/2021 884.269562 4481.37389 2754. Ml Cheat Cheat Cheat OS CNC / / CUCU S OCIS / / CCC OLISI IPP 47 CCC / / 52215/22521/ 0 2- CM 40 . tud CON - - - . Estimated Growth 2 Monthly Contributi 3 Max Balance 5.90% $50.00 10,000.00 - DE 7.90% 1.90% 8.20% $250.00 $160.00 $1,156.00 40,000.00 $ 50,000.00 N/A $ $ 5 Date Savings Roth 401k Total Investment 3/1/2020 $ 4/1/2020 5/1/2020 6/1/2020 7/1/2020 8/1/2020 9/1/2020 10/1/2020 11/1/2020 12/1/2020 m ed Growth Monty Contribut Mes 100 7.50% Sose 0000 1.86% $160.00 0000 0 NA $1.156.00 Roth 4011 Total Investment 11/2009 4/1/2020 S 5/1/2020 6/1/2020 S 7/1/2020 S /1/2020 9/1/2020 S 10/1/2020 11/1/2020 $ 12/1/2020 $ 1/1/2021 2/1/2021 S 1/1/2021 S 4/1/2021 S 5/1/20215 6/1/2015 7/1/20215 8/1/2021 $ 9/1/20215 10/1/2021 $ 11/1/2021 $ 12/1/20215 $0.00 $ 100.25 $ 150.74 201.48 252.47 $ 308.71 355215 106.95 $ 458.95 $ $11.21 563.72 $ 616.49 $ 52 $ 722.82 $ 777 $ 810.19 $ 634.27 $ 918.625 900.23 1.04.12 s 1101275 250.00 $ 501.65 $ 744.95 1,009.92 $ 1.26657 $ 1,524.91 $ 1,71445 2.046 20 S 2.110.175 2,575.18 2,342.33 S 1,111.045 1 101.5) 5 3,650.705 1,927.84 S 4.209.70 S 4.481375 4,760.00 5 5,042.22 5,125.415 810.47 $ 1600S 230 $ 48065 641 52 S 802 54S 9631 1.125 135 1.287 125 1.44915 1,611 45 5 1.774.00 $ 1,936.815 2,091 S 2,263 20 $ 2,426.78 5 2590.6) 5 2.754.73S 2010.095 3,083.71 $ 3.248 595 3.413. 7 5 1156 00 2,319.90 3401.75 4.67161 5.859 53 7.058 0.259.29 9.472 10.612 5 11,922.09 12.15049 14 405 42 15.659.85 16,922.85 10.104.50 19,4781 20,75191 22.051.89 21.15855 24.63424 26.00891 1.616.00 224704 487820 6 $24.53 181.11 948.00 11.525.27 12.212.99 14 11.23 16 620.06 16 319.55 20069,76 21. 810.78 23.562.67 25 325.50 27.099.14 28.04.25 30.680.38 12.487.71 34.306.36 16 116.39 pmt situation not maxed out and no extra pay yes situation maxed out and no extra paymenino situation not maxed out and extra paymer yes situation maxed out and extra payment no pmt no no yes yes 19 8:12 4/1/2021 669.52497 3381.52544 2099, 5/1/2021 722.816801 3653.78715 2263. 6/1/2021 776.37065 3927.84125 2426. 7/1/2021 830.187806 4203.69954 2590. 8/1/2021 884.269562 4481.37389 2754. Ml Cheat Cheat Cheat OS CNC / / CUCU S OCIS / / CCC OLISI IPP 47 CCC / / 52215/22521/ 0 2- CM 40 . tud CON

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