Tosarahmrkhan:

Hello, you answered an assignment question for someone else and I was wondering if you could please tell me how you calculated the amount of $76183.63 for consumption. I have attached the file that you had provided for an answer. Thanks

FNCE234 Question 5.1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Current Inflation Rate Investment Rate Consumption 3% 8% 76183.63 Savings Savings Open Earnings Consumption Close 1,000,000 80,000 78,469 1,001,531 80,122 80,823 1,000,830 80,066 83,248 997,649 79,812 85,745 991,715 79,337 88,318 982,735 78,619 90,967 970,386 77,631 93,696 954,321 76,346 96,507 934,159 74,733 99,402 909,490 72,759 102,384 879,865 70,389 105,456 844,798 67,584 108,620 803,762 64,301 111,878 756,185 60,495 115,235 701,445 56,116 118,692 638,869 51,110 122,252 567,726 45,418 125,920 487,224 38,978 129,698 396,504 31,720 133,588 294,636 23,571 137,596 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Current Inflation Rate Investment Rate Consumption 0 0.04854369 76183.63028348