Question: MODEL DETAILS You are saving for a down payment for a house. You build a model that has the following output: How much Savings you

MODEL DETAILS

You are saving for a down payment for a house. You build a model that has the following output:

How much Savings you will have at any given year

Assume the following inputs:

You have an Initial Amount today (year 0)
You earn an interest every year based on an annual Interest Rate over the next 40 years

Please build the model so that it is user friendly, represents all cash flows on a timeline, and directly solves the quiz questions (see rubric below). If you are unable to build the model, you may answer the selection "watch video" on the first quiz question, which will show you a step-by-step video (you will lose 3 points if you select "watch video"). If you do not need to watch the video, then select "do not watch video" and you will not get any points deducted from the quiz.

If you have built the model correctly, you will have a savings amount of $19,732,152 at year 40 given the following inputs:

Initial Amount = $5,000
Interest Rate = 23.0%

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