You need to create an excel spreadsheet that answers the following questions Where stated, make sure you solve the problem by hand, i e discounting each cash flow, and also using TVM formulas from Excel All work should be presented in three sheets tabs (not files) Your sheets should be labeled Questions 1 4 are in the first tab, questions 5 6 are in the second tab, and question 7 is in a third tab In all cases, presentation matters Make these professional Also, all work should be set up in such a way that you could change one parameter and have the formula automatically update, i e you need an assumptions section In other words, you would want to be able to do a basic type of what if analysis Hard coding values is bad, formulas are good You are planning for retirement Use the following information to answer the question The expected inflation rate from now until retirement is expected to be 2 9 Your current income expenses are $100,000 and that is the same standard of living you will have in retirement To estimate expenses, you can take the average of the first year in retirement and last year in retirement and assume that is the value for each year in retirement You can expect to earn 5 5 on your money in retirement You are 35 when you graduate and expect to work until you are 65 Your life expectancy is 84 You will leave your heirs $1,000,000 upon your death How much will you need at retirement if you assume that the amount you will spend in retirement is the average of the first and last years expenses in retirement You are saving for retirement Use the following information to answer the question Using the salary in 5, assume your average salary increase is 3 75 per year Assume that you save in a 401(k) type account the average of your first and last years salary at 15 each year (similar to the way you did expenses) To estimate contributions, you can take the average of the first year working contribution and the last working year contribution and assume that is the value for each years contribution during your career You earn 9 throughout your working life

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You need to create an excel spreadsheet that answers the following questions. Where stated, make sure you solve the problem by hand, i.e. discounting each

You need to create an excel spreadsheet that answers the following questions. Where stated, make sure you solve the problem by hand, i.e. discounting each cash flow, and also using TVM formulas from Excel. All work should be presented in three sheets/tabs (not files). Your sheets should be labeled. Questions 1-4 are in the first tab, questions 5-6 are in the second tab, and question 7 is in a third tab. In all cases, presentation matters!!! Make these professional. Also, all work should be set up in such a way that you could change one parameter and have the formula automatically update, i.e. you need an assumptions section. In other words, you would want to be able to do a basic type of what-if analysis. Hard-coding values is bad, formulas are good.

You are planning for retirement. Use the following information to answer the question.
1. The expected inflation rate from now until retirement is expected to be 2.9%.
2. Your current income/expenses are $100,000 and that is the same standard of living you will have in retirement. To estimate expenses, you can take the average of the first year in retirement and last year in retirement and assume that is the value for each year in retirement.
3. You can expect to earn 5.5% on your money in retirement.
4. You are 35 when you graduate and expect to work until you are 65.
5. Your life expectancy is 84.
6. You will leave your heirs $1,000,000 upon your death.

How much will you need at retirement if you assume that the amount you will spend in retirement is the average of the first and last years expenses in retirement?

You are saving for retirement. Use the following information to answer the question.
1. Using the salary in 5, assume your average salary increase is 3.75% per year.
2. Assume that you save in a 401(k) type account the average of your first and last years salary at 15% each year (similar to the way you did expenses). To estimate contributions, you can take the average of the first year working contribution and the last working year contribution and assume that is the value for each years contribution during your career.
4. You earn 9% throughout your working life.