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please show the excel Problem #3: Currently you have $127,000 (to be entered into cell B1) in your account. You can earn a rate of
please show the excel
Problem #3: Currently you have $127,000 (to be entered into cell B1) in your account. You can earn a rate of 8.17% per year [to be entered into cell B3] on your account, and plan to withdraw $15897.64 at the end of each year [to be entered into cell B2]. B A 1 Present Value 2 Annual Withdrawal 3 Annual Rate 4 5 Number of Years 6 (a) How long it will take you in years) to exhaust your account [cell B5]? Use the NPER function. (b) What is the correct formula (using 16 characters or less) that should be placed in cell B5? Problem #3(a): 14.23 Answer correct to 2 decimals Problem #3(b): 1=NPER(B3,-B2,B1) Just Save Submit Problem #3 for Grading Problem #3 Attempt #1 Attempt #2 Your Answer: 3(a) 14.23 3(a) 3(b) =NPER(B3,-B2,B1) 3(b) Your Mark: 3(a) 0/1X 3(a) 3(b) 1/1 3(b) Attempt #3 3(a) 3(b) 3(a) 3(b) Attempt #4 3(a) 3(b) 3(a) 3(b) Attempt #5 3(a) 3(b) 3(a) 3(b)Step by Step Solution
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