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You are examining whether your savings will be adequate to m

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You are examining whether your savings will be adequate to meeting your retirement needs.You saved $1,200 last year (these funds are used for a different purpose and are not available for retirement needs),and you expect your annual savings to grow 5% a year for the next 15 years.This means you save $1260 at the end of year 1 and these savings will grow each year.If you can invest your money at 6%,how much would you expect to have at the end of the fifteenth year?(Last year’s savings are not to be included in the accumulated savings).
And,how much money will have you by the end of 15 years if you can invest your accumulated savings at 8% or 10% each year?What if you can only invest at 4%?Calculate future value at the end of 15 years.Include screen shots of calculations and formulae (from formula view) in your answer.
已经把这道题的解答用Excel做出来了(如图)
再问: 呃⋯⋯不好意思,还有一小问呢⋯⋯还是直接把他们(i=8%,10%,4%)的FV算出来就行了?
再答: 当然可以这样计算,实际上,这道题就是要让你用F/P(i=8%, n=14年, PV=1260)来计算,我用表格只是因为这样表达比较一目了然。Include screen shots of calculations and formulae (from formula view) in your answer.这句话的意思就是要把公式截图出来。