Chat with us, powered by LiveChat In a single Word document, complete Chapter 10 Case Problem: Retirement Plan.? If using Excel or Minitab for your calculations, charts, and graphs, please copy and paste your work into t | Wridemy

In a single Word document, complete Chapter 10 Case Problem: Retirement Plan.? If using Excel or Minitab for your calculations, charts, and graphs, please copy and paste your work into t

In a single Word document, complete Chapter 10 Case Problem: Retirement Plan.? If using Excel or Minitab for your calculations, charts, and graphs, please copy and paste your work into t

 - In a single Word document, complete Chapter 10 Case Problem: “Retirement Plan.” If using Excel or Minitab for your calculations, charts, and graphs, please copy and paste your work into the Word document.  Do not attach Excel or Minitab as separate documents. 
 

-response should be a minimum of   2-3 pages . The font is Times New Roman, font size should be 12, and the paragraphs are single-spaced. There should be a minimum of one reference supporting your observations. Citations are to follow APA 7.0. double space.  

– no plagiarism, need plagiarism report

11/17/22, 11:00 AM Print Preview

https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5994142305022023695824496950&eISBN=9780357131824&id=1635156320&sna… 1/2

Chapter 10: Spreadsheet Models Case Problem Retirement Plan Book Title: Business Analytics Printed By: Jigar Jitendrak Patel ([email protected]) © 2021 Cengage Learning, Cengage Learning

Chapter Review

Case Problem Retirement Plan

Tim is 37 years old and would like to establish a retirement plan. Develop a spreadsheet model that could be used to assist Tim with retirement planning. Your model should include the following input parameters:

Tim’s current age = 37 years

Tim’s current total retirement savings = $259,000

Annual rate of return on retirement savings = 4%

Tim’s current annual salary = $145,000

Tim’s expected annual percentage increase in salary = 2%

Tim’s percentage of annual salary contributed to retirement = 6%

Tim’s expected age of retirement = 65

Tim’s expected annual expenses after retirement (current dollars) = $90,000

Rate of return on retirement savings after retirement = 3%

Income tax rate postretirement = 15%

Assume that Tim’s employer contributes 6% of Tim’s salary to his retirement fund. Tim can make an additional annual contribution to his retirement fund before taxes (tax free) up to a contribution of $16,000. Assume that he contributes $6,000 per year. Also, assume an inflation rate of 2%.

Managerial Report

Your spreadsheet model should provide the accumulated savings at the onset of retirement as well as the age at which funds will be depleted (given assumptions on the input parameters).

As a feature of your spreadsheet model, build a data table to demonstrate the sensitivity of the age at which funds will be depleted to the retirement age and

11/17/22, 11:00 AM Print Preview

https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5994142305022023695824496950&eISBN=9780357131824&id=1635156320&sna… 2/2

additional pre-tax contributions. Similarly, consider other factors you think might be important.

Develop a report for Tim outlining the factors that will have the greatest impact on his retirement.

Chapter 10: Spreadsheet Models Case Problem Retirement Plan Book Title: Business Analytics Printed By: Jigar Jitendrak Patel ([email protected]) © 2021 Cengage Learning, Cengage Learning

© 2022 Cengage Learning Inc. All rights reserved. No part of this work may by reproduced or used in any form or by any means – graphic, electronic, or mechanical, or in any other manner – without the written permission of the copyright holder.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

About Wridemy

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order

Related Tags

Academic APA Writing College Course Discussion Management English Finance General Graduate History Information Justify Literature MLA