20- please provide formula and answer Experts say that the baby boom generation (born 1946-1960) cannot...

20- please provide formula and answer Experts say that the baby boom generation (born 1946-1960) cannot count on a company pension or Social Security benefits to provide a comfortable retirement. It is recommended that they start to save regularly and early. Michael, a baby boomer, has decided to deposit $200 each quarter in an account that pays 8% compounded quarterly for 20 years. a) How much money will be in the account at the end of the 20 years? b) Suppose Michael has determined he needs to accumulate $130,000 from this annuity. What rate would achieve this goal? c) If he cannot get the higher rate, what amount would his payments need to be in order to achieve the goal? d) Suppose Michael cannot get the higher interest rate, nor increase his payments. How many months would he need to invest in order to achieve his goal? not excel

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jeff jeffy answered 2 years ago

5- Experts say that the baby boom generation (born 1946-1960) cannot count on a company pension...

5- Experts say that the baby boom generation (born 1946-1960) cannot count on a company pension or Social Security benefits to provide a comfortable retirement. It is recommended that they start to save regularly and early. Michael, a baby boomer, has decided to deposit $200 each quarter in an account that pays 8% compounded quarterly for 20 years. a) How much money will be in the account at the end of the 20 years? b) Suppose Michael has determined he...

Experts say that the baby boom generation (born 1946-1960) cannot count on a company pension or Social Security benefits to provide a comfortable retirement.

Experts say that the baby boom generation (born 1946-1960) cannot count on a company pension or Social Security benefits to provide a comfortable retirement. It is recommended that they start to save regularly and early. Michael, a baby boomer, has decided to deposit $200 each quarter in an account that pays 8% compounded quarterly for 20 years.a) How much money will be in the account at the end of the 20 years?b) Suppose Michael has determined he needs to accumulate...

Please describe an “age pyramid” for the baby boom generation? Why is the shape of this...

Please describe an “age pyramid” for the baby boom generation? Why is the shape of this pyramid so important for future generations to contemplate? (3 points)

Answer using excel and please provide excel instructions for all outputs meaning what formula was used...

Answer using excel and please provide excel instructions for all outputs meaning what formula was used to calculate the output and how was it implemented using excel and which excel functions to use. Thank you. Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelly Couts, who inherited the company. The company originally repaired radios and other household appliances when it was founded over 70 years ago. Over the years, the company...

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