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Using Excel answer the following: Assuming a range of return rates of 2.00 to 8.00 percent (varying by 0.50 percent increments) and three different lengths

Using Excel answer the following:

Assuming a range of return rates of 2.00 to 8.00 percent (varying by 0.50 percent increments) and three different lengths of contribution (20, 30 and 40 years), create table 2 to illustrate the final account balances of a Roth IRA. Assume a monthly contribution of $300.00 in all scenarios. Create the table to allow flexibility in changing these values.

Table 1: ROTH IRA Retirement Assumptions
Starting rate of return (annual) 2.00 Amount of periodic deposit $300.00
Rate increment 0.50 Deposit/withdrawal frequency within a year 12
Starting investment length (years) 20 Withdrawal length (years) 20
Increment in length (years) 10 Rate of return during withdrawals 4.00

Table 2: Projected ROTH IRA Retirement Values
Rate of Return 20 Years 30 Years 40 Years
2.00% Values? Values? Values?
to Values? Values? Values?
8.00% Values? Values? Values?

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