Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 409 Weeks Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Jul 2017 My Price 11.00

excel's capabilities

I need the below question answered using excel, showing all work completed to arrive at the solution. Where possible, utilize working formulas to maximize on excel's capabilities

 

Suppose you deposit $10,000 today, and plan to deposit $10,000 annually at the end of each of the next 9 years for a total of 10 deposits. (The last deposit is made at the end of Year 9 and no deposit is made in Year 10.) You expect to earn 11% interest compounded annually over this accumulation period. You then plan to withdraw the funds quarterly over the following 10 years (first withdrawal at the end of March of Year 11). You expect the annual interest rate over those 10 years to be 9%. Demonstrate that your totalwithdrawals, to the nearest dollar, will amount to $283,451. (Do not use the provided result of $283,451 as an input to prove the result.)

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Jul 2017 06:07 PM My Price 11.00

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