05 Jun Question I need help figuring out the excel function to solve these problems
Question
I need help figuring out the excel function to solve these problems
Deniece has accumulated $50,000 in her thrift savings plan at her job at the Federal Aviation Administration. The government puts in 1% of her pay and matches up to another 4% if she puts in 5% out of her pay. Deniece earns $80,000 a year and plans to add 5% from her income plus the agency 5% for a total of $8,000 per year. Her cousin Eugene says that if she invests in stocks, she can earn 12% per year because that has been the long term history. How much will she have in 25 years at retirement if she can earn 12% per year compounded annually?
Deniece’s friend Marshall heard a speech by John C. (Jack) Bogle, founder of The Vanguard Group of Mutual Funds, one of the lowest cost and most successful group of funds. Jack said that with the increasing need to reduce carbon emissions, it is unlikely that long term stock returns can exceed 6% per year. Steps to reduce carbon will likely reduce prospects for economic growth in Mr. Bogle’s opinion. How much will Deniece have if Jack Bogle is correct and the earnings will be 6% per year compounded annually?
9. Christina hopes to open a Deli in 2015. The initial investment will be $85,000. She expects that the Deli will generate the positive cash flow as indicated below. If she can borrow money at 7% per year, what will be the Net Present Value? Use 7% as the discount rate.
Year
Cash Flow
2016
$22,000
2017
$24,000
2018
$29,000
2019
$30,000
2020
$31,000
2021
$27,000
2022
$22,000
2023
$15,000
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