Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need Excel formulas, like pv, fv, rate, nper im the open green areas Buta Review View Developer Help Power Pivot Tell me what you want

need Excel formulas, like pv, fv, rate, nper im the open green areas
image text in transcribed
Buta Review View Developer Help Power Pivot Tell me what you want to do Bam Rat u Formu Arial v12 VAA BIU A Canal Format Merge Center Alignment Simple PV and FV Calculations Solve for the values required in the green cells See other instrucions below You receive an inheritance of $100 000 You want to Save it for your child's college education Your child should begin college in 11 years you can eam 3.4% on your savings, how much will you have when your child enters college? Tution room & board at Brockport has recently been about $25,000 annually. You hope to send your 10 year old child to Brockport when he lums 18. The cost of college lion room and board has been growing at an annual rate of 4.5% and that trend is expected to continue. How much will you have to pay for your child's education over the years at Brockport? Current age 10 40 25.000 Current Cost 11 100.000.00_ Growth rate 144.45279 freshman year How much would you have to deposit today to have a balance of $500 000 at retirement 40 years from today assuming you could eam 36% APR during that or year 40 500.00000121.500.00 Total cost for 4 years You win a lonery and can the receive $50.000 3 years from today (option 1), 560,000 7 years from today option 2) you could earn 40% on savings for the next years, what is the correct choice to ? How much do you gain by making the correct choice? Popon 1 10,000.00 Use the Excel functions a nd in the text Alc o ns should rest in POSITIVE numbers Do not round any calculations Feriehus the gray in your hommes emain Stata seards

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Mathematics

Authors: Cacildo Marques

1st Edition

8741574710, 979-8741574713

More Books

Students also viewed these Finance questions

Question

Analyze the impact of labor unions on health care.

Answered: 1 week ago

Question

Assess three motivational theories as they apply to health care.

Answered: 1 week ago

Question

Discuss the history of U.S. labor unions.

Answered: 1 week ago