Question: Please complete Excel doc up until year 40 (age 63) and answer the three questions at the end. At retirement (year 40) what is the
Please complete Excel doc up until year 40 (age 63) and answer the three questions at the end.
- At retirement (year 40) what is the fund balance?
- What is the total of your contributions?
- How much did the fund earn?
Please show the whole Excel file! Thanks!!



Exercise: Assume you accept a job and commit to contributing $10,000 each year at the end of every year to a 401k retirement plan. Assume an average rate of return of 8% and you start at age 24 and would like to retire in 40 years. Complete the adjacent Excel sheet labeled "Computations" and answer the three questions. Enter your answers at the bottom of the adjacent sheet. 1) At retirement, what is the fund balance? 2) What is the total of your contributions? 3) How much did the fund earn? Assignment \# 1 Time Value of Money Example A B C E G
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