Question: Help answer with excel formulas** Assume the compounding period suggested by the problem. Assume payments are end of period payments 4b. Your uncle has changed
Help answer with excel formulas**
"Assume the compounding period suggested by the problem. Assume payments are end of period payments"
4b. Your uncle has changed his mind and has revoked his gift. If you were to make annual contributions and could still earn an APR of 8% with annual compounding, how much will you need to contribute at the end of each year in order to meet your goal? 5. You plan on retiring 33 years from today. How much will you need to invest each month assuming you can earn an annual rate of 8% in order to meet your goal of \$6 million assuming monthly compounding? Assume you have no money saved toward retirement so far
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