PLEASE SHOW WORK AND EXCEL EQUATIONS

Elliot makes $200,000 a year and pays 28% taxes on $150,000 and 25% on his remaining salary. His expenses are

$140,000 (per year). He wants to invest a fixed amount EVERY day into an investment fund for 5 years and he hopes

to get a 10% return. (20 PTS)

a. What is the maximum amount he can invest every day? (5 PTS) (Find the annual investment amount and

divide by 365).

b. What will be the worth of his portfolio after 5 years? (5 PTS)

c. After 5 years, Kassidys income increases to $250,000. He wants to reinvest for another 5 year, but this time,

his return will be 8% and his expenses have increased by 15%. What will be the worth of his portfolio after 5

years (total of 10 years)? (5 PTS)

d. What will the Present Value of his portfolio, assuming a 9% discount rate and NPER is 10 years? (5PTS)