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this is the information that i have! 8-1. With a 3.0% inflation rate (Spreadsheet212) by how much would your retirement annuity grow if you increase
this is the information that i have!
8-1. With a 3.0% inflation rate (Spreadsheet212) by how much would your retirement annuity grow if you increase the savings rate by 0.7%? (Round your answer to 2 decimal places.) Growth in retirement annuity points Retirement Years Income Growth Rate of Inflation Savings Rate ROR -15 Deflator 1.00 1.03 1.16 Teeme income 50,000 53,500 70,128 137,952 271,372 533,8291 7,445,673| Saving Cumulative Savings 7,500 7,500 8,0251 15,975 10,519 61,658 20,693 308,859 40,706 943,477|| 80,074 2,457,5181 1,116,8511 Heal Annuity TROR 0291 Consumption 42,500 44,150 51,4191 75,264) 110,1671 161,257) 49,660 2.81 Total Retirement Years 25 Age 30 Income Growth 07 Income 50000 -B4(1-$B$2) -B38'(1 $B$2) SUMB4:B39) C D Rate of Inflation Savings Rate ROR TROR .03 .15 (E2-C2Y1+C2) Deflator Savings Cumulative Savings Consumption -B4"$D$2 -D4 CB4-D4yC4 -C4'(1$C$2) -B5"$D$2 -E4"(14$E$2)+D5 (B5-D5yC5 1-c38'(1 $C$2 -B39"$D$2 -E381$E$2) D39B39-D39C39 SUMD4:039) Real Annuity PMT($F$2.SA$2,-SE$39/$C$39,0,0) Total 8-1. With a 3.0% inflation rate (Spreadsheet212) by how much would your retirement annuity grow if you increase the savings rate by 0.7%? (Round your answer to 2 decimal places.) Growth in retirement annuity points Retirement Years Income Growth Rate of Inflation Savings Rate ROR -15 Deflator 1.00 1.03 1.16 Teeme income 50,000 53,500 70,128 137,952 271,372 533,8291 7,445,673| Saving Cumulative Savings 7,500 7,500 8,0251 15,975 10,519 61,658 20,693 308,859 40,706 943,477|| 80,074 2,457,5181 1,116,8511 Heal Annuity TROR 0291 Consumption 42,500 44,150 51,4191 75,264) 110,1671 161,257) 49,660 2.81 Total Retirement Years 25 Age 30 Income Growth 07 Income 50000 -B4(1-$B$2) -B38'(1 $B$2) SUMB4:B39) C D Rate of Inflation Savings Rate ROR TROR .03 .15 (E2-C2Y1+C2) Deflator Savings Cumulative Savings Consumption -B4"$D$2 -D4 CB4-D4yC4 -C4'(1$C$2) -B5"$D$2 -E4"(14$E$2)+D5 (B5-D5yC5 1-c38'(1 $C$2 -B39"$D$2 -E381$E$2) D39B39-D39C39 SUMD4:039) Real Annuity PMT($F$2.SA$2,-SE$39/$C$39,0,0) Total Step by Step Solution
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