Day 16 · Wednesday, 19 August 2026
From the archive
Intermediate
Check whether a retirement savings plan hits its target
FV projects what regular contributions grow into — turning that projection into a yes or no just takes a plain IF.
Task:
You advise clients on retirement accounts at a financial planning firm. One client plans to contribute $250 a month into an account earning 4.5% annual interest, compounded monthly, for the next 12 years. Work out the projected balance in B5, then in B7 report whether it clears the $50,000 goal in B6.
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