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Would anyone happen to know the formulas to this excel sheet? You have just graduated from college, and are starting your first job at an
Would anyone happen to know the formulas to this excel sheet?
You have just graduated from college, and are starting your first job at an annual salary of $100,000. Your new employer offers a 401k, and you decide to make a monthly invest 6% of your monthly salary. Use the FV function to calculate the future value of your 401k assuming the fund earns 7% annually, and you plan to retire in 26 years. Use the FV function to compute the value of your 401k at the end of 26 years assuming a contribution rate of 6%.(6% of your monthly salary) Use the FV function to compute the value of your 401k at the end of 26 years assuming a contribution rate of 7%.(7% of your monthly salary)Step by Step Solution
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