James decides he would like to

“break these out” into several rows of calculations:

Beginning cash (for 2006, this is the amount allocated;

for other years, it is the unused cash, plus interest, from the previous year), Amount spent on bonds

(positive in 2006 only), Amount received from bonds

(positive for years 2007 to 2020 only), Cash available for making pension fund payments, and (below the Amount required row) Cash left over (amount invested in the fixed interest rate). Modify the model by inserting these rows, enter the appropriate formulas, and run Solver. You should obtain the same result, but you get more detailed information.

Skill-Extending Problems