(4-35) Build a Model: The Time Value of Money Start with the partial model in the file...

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(4-35)

Build a Model: The Time Value of Money Start with the partial model in the file Ch04 P35 Build a Model.xls from the textbook’s Web site. Answer the following questions, using a spreadsheet model to do the calculations.

a. Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer this question first by using a math formula and then by using the Excel function wizard.

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