Project Description:
In this problem, you will prepare a portfolio growth model to determine how long it will take a couple to reach their retirement goal.
Steps to Perform:
Step | Instructions | Points Possible |
1 | Start Excel. Download and open the workbook named: Brooks_Chapter_3_1_Start. |
0 |
2 | In cell D19, by using cell references, calculate the future value of the money market account after one year. Use the Excel FV function. Make absolute references to the account balance in cell D18 and the relevant growth rate from the Given Data section.
Note: The output of the function you typed in this cell is expected as a positive number. |
1 |
3 | In cell E19, by using cell references, calculate the future value of the government bond mutual fund account after one year. Use the Excel FV function. Make absolute references to the account balance in cell E18 and the relevant growth rate from the Given Data section.
Note: The output of the function you typed in this cell is expected as a positive number. |
1 |
4 | In cell F19, by using cell references, calculate the future value of the large capital mutual fund account after one year. Use the Excel FV function. Make absolute references to the account balance in cell F18 and the relevant growth rate from the Given Data section.
Note: The output of the function you typed in this cell is expected as a positive number. |
1 |
5 | In cell G19, by using cell references, calculate the future value of the small capital mutual fund account after one year. Use the Excel FV function. Make absolute references to the account balance in cell G18 and the relevant growth rate from the Given Data section.
Note: The output of the function you typed in this cell is expected as a positive number. |
1 |
6 | In cell H19, by using cell references, calculate the future value of the real estate trust fund account after one year. Use the Excel FV function. Make absolute references to the account balance in cell H18 and the relevant growth rate from the Given Data section.
Note: The output of the function you typed in this cell is expected as a positive number. |
1 |
7 | In cell range D20:H38, by using cell references, calculate the future values of each of the five accounts at the end of each year for years 2 through 20. Copy the contents from cell range D19:H19 down the columns to row 38. | 1 |
8 | In cell I18, by using cell references, calculate the current value of the total portfolio. Use the Excel SUM function. | 1 |
9 | In cell range I19:I38, by using cell references, calculate the future values of the total portfolio at the end of each year for the next 20 years. Copy the function cell I18 down the columns to row 38. | 1 |
10 | In cell H40, enter the number of years it will take for Rachel and Richard to reach their goal. Do not use the equal sign when entering a numeric value. | 1 |
11 | Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed. | 0 |
Total Points | 9 |
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