Question: Please provide right answer and how?? steps in excel please Lindsay is 31 years old and has a new job in web development. She wants

Please provide right answer and how?? steps in excel please
Lindsay is 31 years old and has a new job in web development. She wants to make sure that she is financially sound by the age of 55, so she plans to invest the same amount into a retirement account at the end of every year for the next 24 years. (a) Construct a data table in Excel that will show Lindsay the balance of her retirement account for various level:s of annual investment and return. If Lindsay invests $10,000 at return of 6%, what would be the balance at the end of the 24th year? Note that because Lindsay invests at the end of the year, there is no interest earned on the contribution for the year in which she contributes. Round your answer to a whole dollar amount. 508, 156 (b) Develop a two-way table for annual investment amounts of $5,000 to $20,000 in increments of $1,000 and for returns of 0% to 12% in increments of 1%. From the 2-way table, what are the minimum annual investments Lindsay's must contribute for annual rates ranging from 6% to 11%, if she wants to accrue a final payout of at least $1 million? Note that because Lindsay invests at the end of the year, there is no interest earned on the contribution for the year in which she contributes. Annual Minimum Annual Return Investment 50,816 58,177 66,765 # 76,790 88,497 6% 896 9% 1096 11%s 102,174 o
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
