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Pls enter answers as formulas for Excel. You have just graduated from college, and...

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Accounting

imagePls enter answers as formulas for Excel.

You have just graduated from college, and are starting your first job at an annual salary of $60,000. Your new employer offers a 401k, and you decide to make a monthly invest 4% of your monthly salary. Use the FV function to calculate the future value of your 401k assuming the fund earns 11% annually, and you plan to retire in 22 years. Use the FV function to compute the value of your 401k at the end of 22 years assuming a contribution rate of 4%.(4% of your monthly salary) Use the FV function to compute the value of your 401k at the end of 22 years assuming a contribution rate of 5%.(5% of your monthly salary)

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