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Retirement 1: You want to retire 15 years from now. You plan on investing 10K a year for the first 5 years, 15K for the
Retirement 1: You want to retire 15 years from now. You plan on investing 10K a year for the first 5 years, 15K for the next 5 years and 20K for the final 5 years (assume you invest at the beginning of the year). If you believe the effective annual rate of return will be 7%, how much do you expect to retire with?
** I know the answer, I just need help finding it on excel
Question 14 O out of 1 points x Retirement 1: You want to retire 15 years from now. You plan on investing 10k a year for the first 5 years, 15k for the next 5 years and 20k for the final 5 years (assume you invest at the beginning of the year). If you believe the effective annual rate of return will be 7%, how much do you expect to retire with? (Round to the nearest Dollar) Selected Answer: 126539 Correct Answer: Evaluation Method Correct Answer Case Sensitivity Exact Match 373565 Exact Match 373,565 Question 15 O out of 1 points Retirement 2: You want to retire 15 years from now. You had planned on investing 10k a year for the first 5 years, 15k for the next 5 x years and 20k for the final 5 years (assume you invest at the beginning of the year). If you believe the effective annual rate of return will be 7%, what lump sum payment today would be worth the same to you? (Round to the nearest Dollar) Selected Answer: 349125 Correct Answer: Evaluation Method Correct Answer Case Sensitivity Exact Match 135397Step by Step Solution
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