For the Lisa scenario there are actual two TVM problems. The first section addresses the FVAD. Not that the present value is zero, and the payment is made at the beginning of the year. You will then have to invest the FVAD amount as a PV for the second scenario. You should determine the FV amount at her retirement age of 65 years old.For the Bob scenario, you are also find the FVAD. Bob is making 33 contributions at the beginning of the year, but this is a 34 year timeline. He makes his last contribution at age 65, but the actual timeline runs from age 32 to age 66.Remember to provide your work in Excel and provide a chart or some summation of your calculations and time-lines for each person. Please summarize your results for both of their retirement accounts.
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