Question: please give excel function for a good rating! 2 3 You are planning to make monthly deposits of $450 into a retirement account that pays

please give excel function for a good rating!

2 3 You are planning to make monthly deposits of $450 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years? 4 $ +00 5 6 7 Monthly deposit Times compounded per year Interest rate on annuity Number of years 450 12 10% 30 9 10 11 12 Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. 13 14 Future value of annuity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

1 Editing Clipboard Font Formatting Table Styles Styles D14 X f B 4A 1 C E 2 3 You are planning to make monthly deposits of $450 into a retirement account that pa interest compounded monthly. If your...

need help with excel formula c D E F G H 2 3 You are planning to make monthly deposits of $450 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will...

J E G D A F B 1 2 3 You are planning to make monthly deposits of $450 into a retirement account that pays 10 percent Interest compounded monthly. If your first deposit will be made one month from...

please answer this question with excell formula as asked in the question. D14 : X A B D E F G H 1 3 You are planning to make monthly deposits of $450 into a retirement account that pays 10 percent...

TVM Homework Business Finance 2011 Ver 2 1. You have determined the profitability of a planned project by finding the present value of all the cash flows from that project. Which of the following...

38. For $145,000 Laura Croft can purchase a 15-year ordinary annuity which will pay her a yearly payment of $19,845.00 for 15 years. What is the annual interest rate implicit in this investment?...

3 You are planning to make monthly deposits of $450 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will...

1. You need a 20-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend you the money at a 8.1 percent APR for this 240-month loan. However, you can afford monthly...

1) You are planning for your retirement and have decided the following: you will retire in 35 years and will make monthly deposits into your retirement account of $400 for the next 15years and then...

a 45. 45. Suppose Crash Bandicoot deposits $75,000 into an account earning 11.4 percent interest, compounded monthly and Crash also makes monthly deposits of $2500 (first monthly contribution made...

In this assignment, we will address risk tolerance and planning for risk. Project managers are responsible for collaborating with teams to create mitigation and contingency plans for certain risks in...

Calculate the average monthly return for each month share price Jan. 14.25 Feb. 16.20 Mar 17.2

Suppose Gilbert thought the stock market would weaken & she wanted to lighten, but not eliminate her equity position & increase the fixed income part of the Ryan portfolio. Indicate specific actions...

QUESTION CHOOSE ONE TITLE and explain it If you purchased a home tomorrow, how would you take title? Why? What benefits does that ownership offer you? Part 2: If you purchased an investment property...

Which month has the lowest average percentage of returned sales?

What is the average percentage of returned sales for Oklahoma (OK)?

After executing these queries you can confirm whether your assumptions that you made in the thought questions were accurate. Which month has the highest average percentage of returned sales?