formulas and functions to perform calculations
Please see the attached file. Follow the instruction.
Scenario:
You have been asked by the Employee Relations and Resource department to develop a retirement planning worksheet that will allow each current and prospective employee to see the effect (dollar accumulation) of investing a percent of his or her monthly salary over a period of years (Figure 1 below). The plan calls for the company to match an employeeâ€
s investment, dollar for dollar, up to 2.50%. Thus, if an employee invests 5.00% of his or her annual salary, then the company matches the first 2.50%. If an employee invests only 1.75% of his or her annual salary, then the company matches the entire 1.75%. The Employee Relations and Resource department wants a one- input data table to show the future value of the investment for different years.
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