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Need formulas and all work shown Pares HOM+ 1. Annuities and the time value of money Today is 1/1/2022. Lessa wants to determine singel, how
Need formulas and all work shown
Pares HOM+ 1. Annuities and the time value of money Today is 1/1/2022. Lessa wants to determine singel, how much money the will have in years Ion 1/1/2052). She plans on investing 52.500 on 1/1/2023 continuing the last deposit is made on 1/1/2052 Assume that all money in the account will corn as to anal effective interest rate each you Using Excel, create a schedule showing the beginning amount each year, the deposit, the interest earned each year and the ending balance. Start on 1/1/2022 and project until 1/1/2052. Formatai dollar amounts with decimals using commas and b. Show how to compute the ending amount using the financial calculator keys. In other words put in the N, IV, PV, PMT and FV like you would on a testinto cells in Excel Hint: When determining N. you will have to start from 1/1/2022 since the first payment of an annuity is at the end of the first year. Put the values you have answered into your calculator to make sure the results are the same as in part a. Jessica wants to know how much she would need to deposit into the account every year (instead of $2,500) so she will have exactly $100,000 an 1/1/2012. Compute the amount needed using the PMT function in Excel d. Show how to compute the new deposit amount using the finance calculator keys in other words, putin the N. IV, PV, PMT and I like you would on a test into cells in Excel. Make sure the answer in the calculator equals what shows in Excel e Copy the work in part a to another part of the spreadsheet and REFERENCE the deposit amount computed in partc for the regular deposits Make sure that the value at 1/1/2052 in this part of the spreadsheet is $100,000 Pares HOM+ 1. Annuities and the time value of money Today is 1/1/2022. Lessa wants to determine singel, how much money the will have in years Ion 1/1/2052). She plans on investing 52.500 on 1/1/2023 continuing the last deposit is made on 1/1/2052 Assume that all money in the account will corn as to anal effective interest rate each you Using Excel, create a schedule showing the beginning amount each year, the deposit, the interest earned each year and the ending balance. Start on 1/1/2022 and project until 1/1/2052. Formatai dollar amounts with decimals using commas and b. Show how to compute the ending amount using the financial calculator keys. In other words put in the N, IV, PV, PMT and FV like you would on a testinto cells in Excel Hint: When determining N. you will have to start from 1/1/2022 since the first payment of an annuity is at the end of the first year. Put the values you have answered into your calculator to make sure the results are the same as in part a. Jessica wants to know how much she would need to deposit into the account every year (instead of $2,500) so she will have exactly $100,000 an 1/1/2012. Compute the amount needed using the PMT function in Excel d. Show how to compute the new deposit amount using the finance calculator keys in other words, putin the N. IV, PV, PMT and I like you would on a test into cells in Excel. Make sure the answer in the calculator equals what shows in Excel e Copy the work in part a to another part of the spreadsheet and REFERENCE the deposit amount computed in partc for the regular deposits Make sure that the value at 1/1/2052 in this part of the spreadsheet is $100,000 Step by Step Solution
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