Question: answer missing info in cells with fill formulas Part i: You are 23 years old and decide to contribute the maximum allowable amount per year

answer missing info in cells with fill formulas
answer missing info in cells with fill formulas Part i: You are

Part i: You are 23 years old and decide to contribute the maximum allowable amount per year to your 401k each year, which is $19,500. If your 401k earns 8% each year, what will your balance be when you turn 53 years old? Part II: You have just won the state lottery and have two choices for collecting your winnings. You can collect $1,200,000 (Option 1) today or receive $300,000 (Option 2) per year for the next four years. A financial analyst has told you that you can earn 5.50% on your investments. Which option would you choose? Part III: You have decided that you would like to buy a townhouse in 8 years and will need a down payment of $30,000. How much do you need to save each year if your savings account returns an interest rate of 3.50%

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