SECTION 2.

1 EXERCISES PART C

22. For a savings account that begins with $350 and has a 5% interest rate, fill out the following table
and place the entries in the “Life Plan” spreadsheet on Sheet 2:

BEGINNING ENDING
TIME BALANCE BALANCE
1 350 367,50
2 367,50 385,88
3 385,88 405,17
4 405,17 425,43
5 425,43 446,70
6 446,70 469,03
7 469,03 492,49
8 492,49 517,11
9 517,11 542,96
10 542,96 570,11
11 570,11 598,62
12 598,62 628,55

24. For a savings account that begins with $100 and has a 6% interest rate and to which you are able
to add $25 per year, fill out the following table and place it on Sheet 2 of your Life Plan spreadsheet:

BEGINNING ENDING
TIME BALANCE BALANCE
1 100 131,00
2 131,00 163,86
3 163,86 198,69
4 198,69 235,61
5 235,61 274,75
6 274,75 316,23
7 316,23 360,21
8 360,21 406,82
9 406,82 456,23
10 456,23 508,60
11 508,60 564,12
12 564,12 622,97