please form caluculations in the excel formula each question requires. thanks!
with the first investment made one year from now. You think you can earn 10% per year on your investments and you plan to retire in 43 years, immediately after making your last $5,000 investment. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a now or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. a. How much will you have in your retirement account on the day you retire? b. If, instead of investing $5,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be? c. If you hope to live for 20 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 20 th withdrawal (assume your savings will continue to carn 10% in retirement)? d. If, instead, you decide to withdraw $300,000 per year in retirement (again with the first withdrawal one year after retiring), how many years will it take until you exhaust your savings? e. Assuming the most you can afford to save is $1,000 per year, but you want to retire with $1 million in your investment account, how high of a return do you need to earn on your investments? Lump-sum investment c. If you hope to live for 20 years in retin you withdraw every year in retirement (starting one year af tyou will just exhaust your savings with the 20h withdrawal (assume your savinies 10% in retirement)? Years of withdrawal Anaual withdrawal d. If, instead, you decide to withdraw $300,000 per year in retirement (again with the furst withdrawal one year after retirine), how many years will it take until you exhaust your saviner? Aaneal withdrawal Number of periods e. Assuming the most you can afford to save is $1,000 per year, but you wast to retire with $1 million in your investment account, bow high of a return do you need to earn on your investments