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I would like to get answers for attached document in excel form. ACST201 Financial Modelling Group Spreadsheet Task 3 S1 2017 Group spreadsheet task 3
I would like to get answers for attached document in excel form.
ACST201 Financial Modelling Group Spreadsheet Task 3 S1 2017 Group spreadsheet task 3 Today is 1/1/2017. Tom is a 30 year old analyst and wants to start his future MBA studies on 1/1/2022. He estimates that the required tuition fee on 1/1/2022 is $80,000. Tom is planning to invest 5 annual deposits in an investment fund and the assumed return rates (net rates) of that fund are shown in table 1 (j1 rates). The first deposit will be made today (i.e., 1/1/2017) and the last one will be made on 1/1/2021. The deposit amount is x% of Tom's after-tax income at each deposit time. (30 marks) Table 1: Investment fund return rates Year 2017 2018 2019 2020 2021 Return rates 4% p.a. 4.2% p.a. 4.7% p.a. 4.8% p.a. 4.5% p.a. Tom's current before-tax income is $80,000 and he believes his before-tax income will increase by 3% every year. Assume that all his income is taxable. The progressive marginal individual income tax rates are as shown in table 2. Table 2: Individual income tax rates Taxable income 0-$18,200 $18,200-$37,000 $37,000-$87,000 $87,000-$180,000 $180,000 and over Tax on this income Nil 19c for each $1 over $18,200 $3,572 plus 32.5c for each $1 over $37,000 $19,822 plus 37c for each $1 over $87,000 $54,232 plus 45c for each $1 over $180,000 a. [6 marks] Input the investment fund return rates table and individual income tax rates table in your spreadsheet. Use a line chart to plot the investment fund return rates table. Label this sheet as \"Part a\". 1 ACST201 Financial Modelling Group Spreadsheet Task 3 S1 2017 b. [15 marks] Use functions or formulae to calculate Tom's after-tax income from 2017 to 2021. Your calculation results should automatically update if his income or slary growth rate changes.. Label this sheet as \"Part b\". c. [9 marks] Use Goal Seek to find the value of x%. Express your answer as a percentage and rounded to two decimal places. Your calculation should refer to the input values (i.e., before-tax income amount, fund return rates, tax rates, income growth rate, etc.). Label this sheet as \"Part c\". Present your answers to the above questions in a functional Excel spreadsheet (it should be a xlsx or xls file), giving each solution on a separate sheet (labelled Part a, Part b, and Part c). Your spreadsheet should be clearly labelled and easy to understand. Make sure you identify what the inputs and outputs are. Please include the necessary information, e.g., title, axis titles, etc. in your plot. Please document your working steps. End 2Step by Step Solution
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