Ashley joined simsin tradings at the age of 30 with a starting

Ashley joined Simsin Tradings at the age of 30 with a starting (annual) salary of $85,000. She expects a salary increase of 7 percent every year. In any given year, her retirement plan requires her to pay 5 percent of her salary into her retirement fund, while the company contributes 28 percent of the employee’s contribution in any given year. She expects an annual return of 4 percent on her retirement balance which is earned starting with her second year of employment. The return is only gained on the retirement balance that has accrued up until the end of the previous year not on any monies put into the retirement fund in the current year. By this logic, the retirement balance does not earn any return in her first year of employment. 

Part a) Begin by creating a spreadsheet model for the above problem. Clearly separate the Data from the Model. In the modeling section, let column A represent the time horizon. Also, arrange the other quantities in columns.

Part b) Now modify the model so that her salary increase is a normally distributed model with a mean of 7% and a standard deviation of 1.5% and the annual return on her portfolio is uniform between 2% and 8%. Highlight the cell that corresponds to her retirement balance when she is 50 years old.

Part c) Run a simulation of 200 trials and determine the probability that her retirement balance is greater than $450,000

Calculate the price of your order

Select your paper details and see how much our professional writing services will cost.

We`ll send you the first draft for approval by at
Price: $36
  • Freebies
  • Format
  • Formatting (MLA, APA, Chicago, custom, etc.)
  • Title page & bibliography
  • 24/7 customer support
  • Amendments to your paper when they are needed
  • Chat with your writer
  • 275 word/double-spaced page
  • 12 point Arial/Times New Roman
  • Double, single, and custom spacing
  • We care about originality

    Our custom human-written papers from top essay writers are always free from plagiarism.

  • We protect your privacy

    Your data and payment info stay secured every time you get our help from an essay writer.

  • You control your money

    Your money is safe with us. If your plans change, you can get it sent back to your card.

How it works

  1. 1
    You give us the details
    Complete a brief order form to tell us what kind of paper you need.
  2. 2
    We find you a top writer
    One of the best experts in your discipline starts working on your essay.
  3. 3
    You get the paper done
    Enjoy writing that meets your demands and high academic standards!

Samples from our advanced writers

Check out some essay pieces from our best essay writers before your place an order. They will help you better understand what our service can do for you.

Get your own paper from top experts

Order now

Perks of our essay writing service

We offer more than just hand-crafted papers customized for you. Here are more of our greatest perks.

  • Swift delivery
    Our writing service can deliver your short and urgent papers in just 4 hours!
  • Professional touch
    We find you a pro writer who knows all the ins and outs of your subject.
  • Easy order placing/tracking
    Create a new order and check on its progress at any time in your dashboard.
  • Help with any kind of paper
    Need a PhD thesis, research project, or a two-page essay? For you, we can do it all.
  • Experts in 80+ subjects
    Our pro writers can help you with anything, from nursing to business studies.
  • Calculations and code
    We also do math, write code, and solve problems in 30+ STEM disciplines.

Frequently asked questions

Get instant answers to the questions that students ask most often.

See full FAQ
    See full FAQ

    Take your studies to the next level with our experienced specialists

    Chat
    Hello, my name is Derreck. Kindly drop your inquiry; I will get back to you shortly. (WhatsApp)+254 729 707 173