Question: SOLVE USING EXCEL!!! To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8

SOLVE USING EXCEL!!! SOLVE USING EXCEL!!! To complete your degree and then go through

To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt offered to put you through school, and she will deposit in a bank paying 4.00% interest a sum of money that is sufficient to provide you with the needed 8 withdrawals of $95,000 each. alowlrge of a deposit must she make today? b) How much will be in the account immediately after you make the 3rd c) How much will be in the account immediately after you make all the d) Now, if you decide to drop out of school today and not make any of the $95,000 withdrawal? withdrawals including the last one in 8 years? withdrawal, but instead keep your aunt's money, that she deposited today, in the account that is earning 4.00%, how much would you have at the end of 8 years

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!

please help with excel funtions To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt offered to put you through school, and...

Please show work using Excel Bonus question: Rework (a) assuming you plan on making monthly withdrawals of $7,000 for the next 8 years (rather than $95,000 each year) and that the account will earn...

The calculations have to be using Excel. How do I input it? To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt offered to...

Please include Excel Formulas To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt offered to put you through school, and...

please show all work/explanation/formula in excel. thank you in advance. will upvote. To complete your degree and then go through graduate school, you will need $45,000 at end of each of the next 6...

please show all work/explanation on excel. will upvote. thank you in advance! To complete your degree and then go through graduate school, you will need $45,000 at end of each of the next 6 years....

Show in Excel with formulas To complete your degree and then go through graduate school, you will need $45,000 at end of each of the next 6 years. Your Aunt offered to put you through school, and she...

To complete your degree and then go through graduate school, you will need $45,000 at end of each of the next 6 years. Your Aunt offered to put you through school, and she will deposit in a bank...

To complete your degree and then go through graduate school, you will need $50,000 at end of each of the next 7 years. Your Aunt offered to put you through school, and she will deposit in a bank...

To complete your degree and then go through graduate school, you will need $65,000 at end of each of the next 7 years. Your Aunt offered to put you through school, and she will deposit in a bank...

(4) K4 = {(x, y) E R?: 0

List the four foundations on which laws are based around the world, and briefly explain each foundation.

E 2 - 1 0 ( Algo ) Preparing Cost of Goods Manufactured and Income Statement [ 1 0 2 - 6 ] Manufscturing costs for Dwenport Compary during 2 0 1 8 were as follow: Bepirning Finished Beods, Jawury 4...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

3. How can diversity be increased in an organisation without alienating people?

explain the concept of strategy formulation

describe what strategy is, including the different levels of strategy, and how corporate strategy affects HR strategy