Use the table to calculate the total retirement savings of each employee based on the following instructions. - In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format. - In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step. Format the results using accounting number format.
Use the table to calculate the total retirement savings of each employee based on the following instructions. - In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format. - In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step. Format the results using accounting number format.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Use the table to calculate the total retirement savings of each employee based on the following instructions.
- In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format.
- In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step. Format the results using accounting number format.
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