Question
Using Google Sheets, construct a retirement model that calculates the total dollar amount you will have after 30 years when consistently contributing to a retirement
Using Google Sheets, construct a retirement model that calculates the total dollar amount you will have after 30 years when consistently contributing to a retirement plan. You may input any data you want into your model, but make sure it is realistic.
I have no idea how to use google sheets as I am an excel user, if anyone could please provide some type of demonstration in how to put calculations into sheets such as $5,000 for 30 years at a rate of 8% with 5% contributed to yearly , compounded monthly with a 18% tax bracket. I used calcxml website to find the full numbers but I need to display that in a google sheet retirement chart .PLEASE N THANKS
Initial balance or deposit (After-tax) (5) Annual savings amount (After-tax) ($) Before-tax return on savings (-12% to 12%) Marginal tax bracket (0% to 75%) 2 ? 5,000 20,000 8% 18% Annual increase in contributions (0% to 100%) Number of years for the analysis (1 to 50) Compounding/savings frequency 5% 30 Monthly Initial balance or deposit (After-tax) (5) Annual savings amount (After-tax) ($) Before-tax return on savings (-12% to 12%) Marginal tax bracket (0% to 75%) 2 ? 5,000 20,000 8% 18% Annual increase in contributions (0% to 100%) Number of years for the analysis (1 to 50) Compounding/savings frequency 5% 30 MonthlyStep by Step Solution
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