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Solve step by step using excel: Upon starting your new job after college, you ve been confronted with selecting the investments for your 4 0
Solve step by step using excel:
Upon starting your new job after college, youve been confronted with selecting the investments for your k retirement plan. You have four choices for investing your money:
aA money market fund that has historically returned about per year.
bA longterm bond fund that has earned an average annual return of
cA conservative commonstock fund that has earned per year.
dAn aggressive commonstock fund that has earned per year.
Question If you were to contribute $ per year for the next years, how much would you accumulate in each of the above funds?
question Now change your worksheet so that it allows for less than annual investments monthly biweekly, etc. The annual investment will be the same, but it will be made in smaller, more frequent, amounts.
Please show how to do in excel with formulas on the cells
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