Question: Please explain the intermediate steps using formulas. NOT with EXCEL and not just an explanation without the steps with the formula calculations I need to

Please explain the intermediate steps using formulas.
NOT with EXCEL and not just an explanation without the steps with the formula calculations
I need to underatand it to study it and I am making a mistake somewhere. Do not answr if you cant do that or its wasting both of our times. This is the 3x ive posted this
Thank you!
Exercise 5 (10 Points) Since the starting her professional career with 25 Anna each month pays 200 into a saving plan to increase her pension. The yearly interest rate lies at 1.4%. At 40 she additionally starts to put 100 per month into an investment fund that yields 5.8% per year. Both savings are realized in by the beginning of each month. When she reaches the age of 65 both savings plans are paid out into a common account with a yearly interest rate of 1.1%. Out of this account for 35 years, by the beginning of each month she is paid out a fixed monetary amount. a) (6 Points) How much money has she saved by the beginning of her pension payments with 65 ? b) ( 4 Points) What is the monthly rate that she is paid each month during the last 35 years? Solution a) 196,268.7821 b) 562.7169
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
