Asked by bianca whiteley on Jun 20, 2024
Verified
Mr.Casem is preparing to retire after 31 years with his company.He set up this spreadsheet to calculate his pension,which is based on his most recent three -year average salary,number of years of service,and a 2% multiplier.What are the formulas for cells D1 and D4? What are the resulting values? 
What are the formulas for cells D1 and D4? What are the resulting values?
Spreadsheet
A digital document that uses rows and columns to organize data, calculations, and information, commonly used in accounting and financial analysis.
Multiplier
A factor used in economics to quantify the effect of investment spending on the aggregate income or output of an economy.
- Acquire knowledge on the elementary concepts of retirement savings and pension plans, incorporating the estimation of benefits contingent on average earnings and years of service.
Verified Answer
KA
Kelvin Anderson [Student]Jun 24, 2024
Final Answer :
a.=average(B2:B4)will be $51,500.
b.=(D1*D2/100*D3)will be $31,930.
b.=(D1*D2/100*D3)will be $31,930.
Learning Objectives
- Acquire knowledge on the elementary concepts of retirement savings and pension plans, incorporating the estimation of benefits contingent on average earnings and years of service.
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