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I Need Help Solving This Problem

  1. #1
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    Post I Need Help Solving This Problem

    I don't know how to set this up in excel, if could help me I would appreciate it alot


    If you were able to save 20% of the Taxes you pay, now and assume a 2% increase in what you pay every year for 40 years, and then invest that amount each year for 40 years at 10% compounded yearly, how much money would you have at the end of 40 years?
    (Remember, you are making more money each year and paying 2% more in Tax than you did than the year before, so you are putting more into the investment each year when you save 20% of the money you pay in taxes.)

  2. #2
    Administrator 6StringJazzer's Avatar
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    Re: I Need Help Solving This Problem

    Welcome to the Forum zZPingZz!

    Please take the time to review our rules. There aren't many, and they are all important. Rule #1 requires good titles for threads. Every single thread in this forum is from people who need help to solve a problem, so your title doesn't really tell us anything about what you need. Think about how your title can attract attention from people who might know how to solve your particular problem.

    Your post does not comply with Rule 1 of our Forum RULES. Your post title should accurately and concisely describe your problem, not your anticipated solution.

    Use terms appropriate to a Google search. Poor thread titles, like Please Help, Urgent, Need Help, Formula Problem, Code Problem, and Need Advice will be addressed according to the OP's experience in the forum: If you have less than 10 posts, expect (and respond to) a request to change your thread title. If you have 10 or more posts, expect your post to be locked, so you can start a new thread with an appropriate title.

    To change a Title go to your first post, click EDIT then Go Advanced and change your title, if 2 days have passed ask a moderator to do it for you.

    (This thread should receive no further responses until this moderation request is fulfilled, as per Forum Rule 7)
    Jeff
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  3. #3
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    Re: I Need Help Solving This Problem

    I'm sorry. It won't happen again.

  4. #4
    Administrator 6StringJazzer's Avatar
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    Re: I Need Help Solving This Problem

    Thank you but you still need to revise your title.

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