Creating a savings plan with PV annuities

The Head of HR wants to create a new benefits program to attract and retain top talent at Spaero over the next five years. They suggest an annual party program for each employee that costs $100 each year.

The CFO thinks this is a great idea if the initial investment stays under $500,000. They found a very lucrative investment that could earn 7% risk-free on the cash they set aside for this project.

If you have lost progress, close any open workbooks and load 3_5_pv_annuities.pbix from the Exercises folder on the Desktop.