ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The following partially completed Excel spreadsheet contains information for computing an annual budget. Assume salary and bonus values are net of
taxes and fixed expenses are based on annual salary. Use Excel's Goal Seek to determine what percentage will Ramirez need to save monthly to have
$20,000 in his savings account by the end of the year.
B
1
Ramirez Monthly Budget
2
3
Variables:
4
Annual salary
54,900.00
$
5 One-time bonus
10,000.00
6
Fixed expenses
50%
7
Monthly savings
10%
8
Bonus savings
50%
9
10 Annual Estimates
11 Savings
12 Spending money
13 Fixed expenses
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Transcribed Image Text:The following partially completed Excel spreadsheet contains information for computing an annual budget. Assume salary and bonus values are net of taxes and fixed expenses are based on annual salary. Use Excel's Goal Seek to determine what percentage will Ramirez need to save monthly to have $20,000 in his savings account by the end of the year. B 1 Ramirez Monthly Budget 2 3 Variables: 4 Annual salary 54,900.00 $ 5 One-time bonus 10,000.00 6 Fixed expenses 50% 7 Monthly savings 10% 8 Bonus savings 50% 9 10 Annual Estimates 11 Savings 12 Spending money 13 Fixed expenses
ped
13
Fixed expenses
Multiple Choice
27.32%
10.00%
13.85%
22.39%
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Transcribed Image Text:ped 13 Fixed expenses Multiple Choice 27.32% 10.00% 13.85% 22.39%
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