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Lindsay is 29 years old and has a new job in web development. She wants to make sure that she is financially sound by the age of 55, so she plans to invest the same amount into a retirement account at the end of every year for the next 26 years. (a) Construct a data table in Excel that will show Lindsay the balance of her retirement account for various levels of annual investment and return. If Lindsay invests $10,000 at return of 6%, what would be the balance at the end of the 26th year? Note that because Lindsay invests at the end of the year, there is no interest earned on the contribution for the year in which she contributes. Round your answer to a whole dollar amount 591538 (b) Develop a two-way table for annual investment amounts of $5,000 to $20,000 in increments of $1,000 and for returns of 0% to 12% in increments of 1%. From the 2-way table, what are t minimum annual investments Lindsays must contribute for annual rates ranging from 6% to 11%, if she wants to accrue a final payout of at least $1 million? Note that because Lindsay invests at the end of the year, there is no interest earned on the contribution for the year in which she contributes. Annual Return 6% Minimum Annual Investment 16904.35 7% 14561.03 896 12507.13 9% 10% 11% s10715.36 9159.04 7812.58

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The balance in the retirement account will be the future value of the annuity.ВС Amount invested every $10,000 Interest rate Term 26 Years 9The balance in the retirement account will be the future value of the annuity Balance in the retirement $591,563.83 =D5FV(D6,D7,-1,0) Hence the balance in the 14 retirement account will be $91,563.83 S5,000$130,000 $147,628 $168,355 $192,765 $221,559 $255,567 $295,782 $343,382 $399,772 466,620 $545,909 $639,99 $751,670 $6,000$156,000 $177,154 $202,025 $231,318 $265,870 $306,681 $354,938 $412,059 $479,726 $559,94455,091 $767,993 $902,004 $7,000$182,000 $206,679 $235,696 $269,871 $310,182357,T94 $414,095 $480,735 $559,681 $653,268 $764,272 $895,991 $1,052,338 $8,000| $208,000| $236,205| $269, 367| $308,424| $354,494丨 $408,908| $473,251| $549,412| $639,635| $746,592| $873,454| $1,023,990| $1,202,671 $9,000$234,000 $265,731 $303,03$346,977 $398,806 $460,021 $532,407 $618,088$719,590 $839,916 $982,636 $1,151,989 $1,353,005 Annual Deposit 117 $511135 799,544 5933,240 51 $11,000 | $286,000 | $324,782 | $370.380 | S424,083 | S487,429 | S562.248 | S650,720 | S755,441 | S879,499 | $1,026,564 | SÍ,200,999 | S1.407,98б | $1,653,673 S12,000$312,000 354,308 $404,051 $462,637 $531,741 S613,361$709,877$824,118 $959,453 $1,119,888 $1,310,181 $1,535,985 $1,804,007 13,000 $338,000 $383,833 $437,722 $501,190 $576,053$664,475 $769,033$892,794 $1,039,407 $1,213,212$1,419,363 $1,663,984 $1,954,341 $14,000$364,000 $413,359 $471,393 $539,743 $620,364$715,588 $828,189$961,471 $1,119,362 $1,306,536$1,528,545 $1,791,983 $2,104,675 $15,000 | $390,000 | $442,884 | $505,064 | $578,296 | $664,676 | $766,702 | $887,346 | $1,030,147 | $1,199,316 | $1,399,860 | $1,637,726 | $1,919,982 | $2,255,009 $16,000$416,00o $472,410 538,734$616,849 $708,988 $B17,815 $946,502 $1,098,824 $1,279,271$1,493,184$1,746,908 $2,047,980 $2,405,343 3,300 $863 929 $1,005,659 797.611 920,042 $1,064,815 S1, $18,000 $468 19,000$494,000 $560,987 $639,747 $732,508 $841,923$971,156 $1,123,971 $1,304,853 $1,519,134 $1,773,156$2,074,454 $2,431,977 $2,856,345 20,000$520,000 $590,513 $673,418 $771,061 $886,235$1,022,269 $1,183,128 $1,373,529 $1,599,088 $1,866,480$2,183,635 $2,559,975 $3,006,679 8,000 $531,461 $606,076 Using data table created above the minimum amount for a million deposit is Minimum Annual investment Interest rateData table settings

Data Table Row input cell: SDS6 Column input cell: SDSS Cancel

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