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show work in excel please An employee plans to invest in a retirement fund at the beginning of each of the next 15 years. The
show work in excel please
- An employee plans to invest in a retirement fund at the beginning of each of the next 15 years. The employee will initially invest $30,000 in the first year and increase the annual investment amount by 4% in each subsequent year. The employee believes she will earn 12% annually on her investments in the first 2 years, then 9% annually in the next 4 years, then 7% annually in the next 3 years, and then 4% annually in each of the final 6 years before she retires.
- How much money will the employee have in the retirement fund when she retires?
- What would be the internal rate of return associated with her investments and her final retirement position?
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